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Answer :
We are given a table that shows tax amounts based on intervals of taxable income. The row of the table for married couples filing jointly indicates that if the taxable income is at least \[tex]$97,000 but less than \$[/tex]97,050, then the tax owed is \[tex]$15,734.
Here is a step-by-step explanation:
1. The taxable income of the couple is \$[/tex]97,025.
2. We need to find the appropriate interval in the table. The table has an interval looking like this:
[tex]$$
97{,}000 \leq \text{taxable income} < 97{,}050,
$$[/tex]
which fits the couple's taxable income of \[tex]$97,025.
3. In the row for married filing jointly corresponding to that interval, the tax owed is listed as \$[/tex]15,734.
4. Since \[tex]$97,025 falls within the interval from \$[/tex]97,000 to \[tex]$97,050, the tax owed by the couple is therefore \$[/tex]15,734.
Thus, the final answer is that the tax owed is \$15,734.
Here is a step-by-step explanation:
1. The taxable income of the couple is \$[/tex]97,025.
2. We need to find the appropriate interval in the table. The table has an interval looking like this:
[tex]$$
97{,}000 \leq \text{taxable income} < 97{,}050,
$$[/tex]
which fits the couple's taxable income of \[tex]$97,025.
3. In the row for married filing jointly corresponding to that interval, the tax owed is listed as \$[/tex]15,734.
4. Since \[tex]$97,025 falls within the interval from \$[/tex]97,000 to \[tex]$97,050, the tax owed by the couple is therefore \$[/tex]15,734.
Thus, the final answer is that the tax owed is \$15,734.
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