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.
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.