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Answer :
To find the tax owed by a married couple filing jointly with a taxable income of [tex]$97,025, we need to determine where this income falls in the tax table provided. Here’s how you can do it step by step:
1. Identify the Tax Bracket:
- Look at each income range provided in the "Married filing jointly" column of the tax table.
- Find where $[/tex]97,025 fits within these ranges.
2. Find the Correct Income Range:
- The given ranges in the table are:
- [tex]$97,000 to $[/tex]97,050
- [tex]$97,050 to $[/tex]97,100
- [tex]$97,100 to $[/tex]97,150
- [tex]$97,150 to $[/tex]97,200
- And so on...
- The income of [tex]$97,025 falls between $[/tex]97,000 and [tex]$97,050.
3. Determine the Tax Owed:
- According to the table, for a taxable income between $[/tex]97,000 and [tex]$97,050, the tax owed for a married couple filing jointly is $[/tex]15,734.
Therefore, the tax owed by the married couple with a taxable income of [tex]$97,025 is $[/tex]15,734.
1. Identify the Tax Bracket:
- Look at each income range provided in the "Married filing jointly" column of the tax table.
- Find where $[/tex]97,025 fits within these ranges.
2. Find the Correct Income Range:
- The given ranges in the table are:
- [tex]$97,000 to $[/tex]97,050
- [tex]$97,050 to $[/tex]97,100
- [tex]$97,100 to $[/tex]97,150
- [tex]$97,150 to $[/tex]97,200
- And so on...
- The income of [tex]$97,025 falls between $[/tex]97,000 and [tex]$97,050.
3. Determine the Tax Owed:
- According to the table, for a taxable income between $[/tex]97,000 and [tex]$97,050, the tax owed for a married couple filing jointly is $[/tex]15,734.
Therefore, the tax owed by the married couple with a taxable income of [tex]$97,025 is $[/tex]15,734.
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