College

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]?

\[
\begin{array}{|c|c|c|c|c|c|}
\hline
\multicolumn{2}{|c|}{\text{If line 43 (taxable income) is-}} & \multicolumn{4}{|c|}{\text{And you are-}} \\
\hline
\text{At least} & \text{But less than} & \text{Single} & \text{Married filing jointly} & \text{Married filing separately} & \text{Head of household} \\
\hline
\multicolumn{6}{|c|}{\text{Your tax is-}} \\
\hline
97,000 & 97,050 & 20,149 & 15,734 & 20,609 & 18,509 \\
\hline
97,050 & 97,100 & 20,163 & 15,776 & 20,623 & 18,521 \\
\hline
97,100 & 97,150 & 20,177 & 15,759 & 20,637 & 18,534 \\
\hline
97,150 & 97,200 & 20,191 & 15,771 & 20,651 & 18,546 \\
\hline
97,200 & 97,250 & 20,205 & 15,784 & 20,665 & 18,559 \\
\hline
97,250 & 97,300 & 20,219 & 15,796 & 20,679 & 18,571 \\
\hline
97,300 & 97,350 & 20,233 & 15,809 & 20,693 & 18,584 \\
\hline
\end{array}
\]

For a taxable income of [tex]$\$ 97,025$[/tex], the tax owed by a married couple filing jointly is [tex]$\$ 15,734$[/tex].

Answer :

To find the tax owed by a married couple filing jointly with a taxable income of [tex]$97,025, we will use the provided tax table.

1. Locate the correct taxable income range:
- We need to find the row where the taxable income of $[/tex]97,025 falls in the table.
- The correct range is between [tex]$97,000 and $[/tex]97,050.

2. Identify the tax amount for married couples filing jointly:
- In the row for incomes between [tex]$97,000 and $[/tex]97,050, locate the column labeled "Married filing jointly".
- The tax amount listed in this column 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.