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What is the tax owed by a married couple filing jointly who report a taxable income of [tex]$\$97,025$[/tex]?

For a taxable income of [tex]$\$97,025$[/tex], the tax owed by a married couple filing jointly is [tex]$\$15,734$[/tex].

\[
\begin{array}{|c|c|c|c|c|c|}
\hline
\multicolumn{2}{|l|}{\text{If line 43 (taxable income) is-}} & \multicolumn{4}{|c|}{\text{And you are-}} \\
\hline
\text{At least} & \text{But less than} & \text{Single} & \text{Married filing jointly} & \begin{array}{c}
\text{Married} \\
\text{filing} \\
\text{separately}
\end{array} & \text{Head of household} \\
\hline
\multicolumn{6}{|c|}{\text{Your tax is-}} \\
\hline
97,000 & 97,050 & 20,149 & 15,734 & 20,609 & 18,509 \\
\hline
97,050 & 97,100 & 20,163 & 15,776 & 20,623 & 18,521 \\
\hline
97,100 & 97,150 & 20,177 & 15,759 & 20,637 & 18,534 \\
\hline
97,150 & 97,200 & 20,191 & 15,771 & 20,651 & 18,546 \\
\hline
97,200 & 97,250 & 20,205 & 15,784 & 20,665 & 18,559 \\
\hline
97,250 & 97,300 & 20,219 & 15,796 & 20,679 & 18,571 \\
\hline
97,300 & 97,350 & 20,233 & 15,809 & 20,693 & 18,584 \\
\hline
97,350 & 97,400 & 20,247 & 15,821 & 20,707 & 18,596 \\
\hline
97,400 & 97,450 & 20,261 & 15,834 & 20,721 & 18,609 \\
\hline
97,450 & 97,500 & 20,275 & 15,846 & 20,735 & 18,621 \\
\hline
97,500 & 97,550 & 20,289 & 15,859 & 20,749 & 18,634 \\
\hline
97,550 & 97,600 & 20,303 & 15,871 & 20,763 & 18,646 \\
\hline
97,600 & 97,650 & 20,317 & 15,884 & 20,777 & 18,659 \\
\hline
\end{array}
\]

Answer :

To determine the tax owed by a married couple filing jointly with a taxable income of [tex]$97,025, we need to follow these steps:

1. Identify the Income Range: Check where the taxable income of $[/tex]97,025 falls in the given tax brackets for "Married filing jointly."

2. Use the Correct Range:
- The relevant table states:
- From [tex]$97,000 to $[/tex]97,050, the tax owed is [tex]$15,734.
- From $[/tex]97,050 to [tex]$97,100, the tax owed is $[/tex]15,776.

3. Determine the Tax for the Income: Since [tex]$97,025 falls in 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 is $15,734.

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