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.
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.