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

\begin{tabular}{|c|c|c|c|c|c|}
\hline
\multicolumn{2}{|l|}{\begin{tabular}{l}
If line 43 \\
(taxable \\
income) is-
\end{tabular}} & \multicolumn{4}{|l|}{And you are-} \\
\hline
\begin{tabular}{l}
At \\
least
\end{tabular} & \begin{tabular}{l}
But \\
less \\
than
\end{tabular} & Single & \begin{tabular}{l}
Married \\
filing \\
jointly
\end{tabular} & \begin{tabular}{l}
Married \\
filing \\
separately
\end{tabular} & \begin{tabular}{l}
Head of \\
household
\end{tabular} \\
\hline
& & \multicolumn{4}{|l|}{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
97,500 & 97,550 & 20,289 & 15,859 & 20,749 & 18,634 \\
\hline
97,550 & 97,600 & 20,303 & 15,871 & 20,763 & 18,646 \\
\hline
97,600 & 97,650 & 20,317 & 15,884 & 20,777 & 18,659 \\
\hline
97,650 & 97,700 & 20,331 & 15,896 & 20,791 & 18,671 \\
\hline
97,700 & 97,750 & 20,345 & 15,909 & 20,805 & 18,684 \\
\hline
97,750 & 97,800 & 20,359 & 15,921 & 20,819 & 18,696 \\
\hline
97,800 & 97,850 & 20,373 & 15,934 & 20,833 & 18,709 \\
\hline
97,850 & 97,900 & 20,387 & 15,946 & 20,847 & 18,721 \\
\hline
97,900 & 97,950 & 20,401 & 15,959 & 20,861 & 18,734 \\
\hline
97,950 & 98,000 & 20,415 & 15,971 & 20,875 & 18,746 \\
\hline
\end{tabular}

Sure! Let's determine the tax owed by a married couple filing jointly who report a taxable income of [tex]$97,025.

We will use the tax bracket table provided to find the appropriate tax bracket for their income.

Here is the relevant section of the table for married couples filing jointly:

\begin{tabular}{|c|c|c|}
\hline
At least & But less than & Your tax is \\
\hline
97,000 & 97,050 & 15,734 \\
\hline
97,050 & 97,100 & 15,776 \\
\hline
97,100 & 97,150 & 15,759 \\
\hline
97,150 & 97,200 & 15,771 \\
\hline
97,200 & 97,250 & 15,784 \\
\hline
& & \\
\hline
\end{tabular}

First, we need to determine which range $[/tex]97,025[tex]$ falls into.

- The taxable income of $[/tex]97,025[tex]$ is more than $[/tex]97,000[tex]$ but less than $[/tex]97,050[tex]$.

Therefore, the tax owed by the couple is $[/tex]15,734.

So, the step-by-step solution is:

1. Identify the taxable income: [tex]$97,025.
2. Locate the income range that includes $[/tex]97,025[tex]$ in the tax bracket table.

Based on the table:
- For a taxable income between $[/tex]97,000 and [tex]$97,050, the tax owed is $[/tex]15,734.

Therefore, the tax owed by the married couple filing jointly is $15,734.