High School

We appreciate your visit to Select the correct location on the table What is the tax owed by a married couple filing jointly who report a taxable income of tex. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!

Select the correct location on the table.

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

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

The tax owed is [tex]$\[tex]$15,734$[/tex][/tex].

Answer :

To find the tax owed by a married couple filing jointly with a taxable income of [tex]$97,025, we need to locate this income range in the tax table provided.

1. Identify the Income Range:
- We start by looking for the range that includes $[/tex]97,025.
- According to the table:
- If the income is at least [tex]$97,000 but less than $[/tex]97,050, the tax owed for married filing jointly is [tex]$15,734.

2. Verify the Range:
- Check that $[/tex]97,025 falls within the range of [tex]$97,000 to $[/tex]97,050. Since it does, this is the correct range for the taxable income given.

3. Determine the Tax Owed:
- For a taxable income of [tex]$97,025, the tax owed by a married couple filing jointly is $[/tex]15,734.

This detailed process confirms that the tax owed is $15,734.

Thanks for taking the time to read Select the correct location on the table What is the tax owed by a married couple filing jointly who report a taxable income of tex. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!

Rewritten by : Barada