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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. Identify the relevant tax bracket for the couple's taxable income using the provided tax table.
2. The couple’s taxable income is $[/tex]97,025. We need to find the income bracket where [tex]$97,025 fits.
3. According to the tax table, the relevant bracket for married couples filing jointly is "at least $[/tex]97,000 but less than [tex]$97,050". Since $[/tex]97,025 falls within this range, we will use this bracket to determine the tax owed.
4. For this income bracket, the tax owed by a married couple filing jointly is [tex]$15,734.
Therefore, the tax owed by the married couple filing jointly with a taxable income of $[/tex]97,025 is $15,734.
1. Identify the relevant tax bracket for the couple's taxable income using the provided tax table.
2. The couple’s taxable income is $[/tex]97,025. We need to find the income bracket where [tex]$97,025 fits.
3. According to the tax table, the relevant bracket for married couples filing jointly is "at least $[/tex]97,000 but less than [tex]$97,050". Since $[/tex]97,025 falls within this range, we will use this bracket to determine the tax owed.
4. For this income bracket, the tax owed by a married couple filing jointly is [tex]$15,734.
Therefore, the tax owed by the married couple filing jointly with a taxable income of $[/tex]97,025 is $15,734.
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