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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 can follow these steps:
1. Locate the Income Range: First, we need to find the correct row in the tax table that matches their taxable income. The income of $[/tex]97,025 falls within the range of [tex]$97,000 to $[/tex]97,050.
2. Identify the Tax Amount: Once we have located the correct range, we can identify the tax amount listed for that range under the "Married filing jointly" column.
According to the tax table, for a married couple filing jointly with a taxable income between [tex]$97,000 and $[/tex]97,050, the tax owed is [tex]$15,734.
Therefore, the tax owed by the couple is $[/tex]15,734.
1. Locate the Income Range: First, we need to find the correct row in the tax table that matches their taxable income. The income of $[/tex]97,025 falls within the range of [tex]$97,000 to $[/tex]97,050.
2. Identify the Tax Amount: Once we have located the correct range, we can identify the tax amount listed for that range under the "Married filing jointly" column.
According to the tax table, for a married couple filing jointly with a taxable income between [tex]$97,000 and $[/tex]97,050, the tax owed is [tex]$15,734.
Therefore, the tax owed by the couple is $[/tex]15,734.
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