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Answer :
To determine the tax owed by a married couple filing jointly with a taxable income of [tex]$97,025, we need to refer to the provided tax table.
1. Identify the Income Range:
The taxable income is $[/tex]97,025. According to the table, the relevant range for this income is from [tex]$97,000 to $[/tex]97,050.
2. Find the Corresponding Tax Amount:
In the row corresponding to the income range of [tex]$97,000 to $[/tex]97,050, the tax amount for "Married filing jointly" is specified.
3. Tax Amount for the Given Range:
For the income range of [tex]$97,000 to $[/tex]97,050, the tax owed by a married couple filing jointly is [tex]$15,734.
Thus, the tax owed by the couple with a taxable income of $[/tex]97,025 is $15,734.
1. Identify the Income Range:
The taxable income is $[/tex]97,025. According to the table, the relevant range for this income is from [tex]$97,000 to $[/tex]97,050.
2. Find the Corresponding Tax Amount:
In the row corresponding to the income range of [tex]$97,000 to $[/tex]97,050, the tax amount for "Married filing jointly" is specified.
3. Tax Amount for the Given Range:
For the income range of [tex]$97,000 to $[/tex]97,050, the tax owed by a married couple filing jointly is [tex]$15,734.
Thus, the tax owed by the couple with a taxable income of $[/tex]97,025 is $15,734.
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