Answer :
To determine the tax owed by a married couple filing jointly with a taxable income of \[tex]$97,025, we look at the tax brackets provided in the table for their filing status. Here’s how we can find the tax:
1. Identify the Income Range:
- We need to find where \$[/tex]97,025 falls in the given tax table for a married couple filing jointly.
2. Check the Appropriate Row:
- According to the provided table, the income range from \[tex]$97,000 to \$[/tex]97,050 includes \[tex]$97,025. This is the correct bracket for the taxable income.
3. Locate the Tax Amount:
- In the row where the taxable income is between \$[/tex]97,000 and \[tex]$97,050, the tax owed for a married couple filing jointly is \$[/tex]15,734.
So, based on the given data, the tax owed by the married couple filing jointly with a taxable income of \[tex]$97,025 is \$[/tex]15,734.
1. Identify the Income Range:
- We need to find where \$[/tex]97,025 falls in the given tax table for a married couple filing jointly.
2. Check the Appropriate Row:
- According to the provided table, the income range from \[tex]$97,000 to \$[/tex]97,050 includes \[tex]$97,025. This is the correct bracket for the taxable income.
3. Locate the Tax Amount:
- In the row where the taxable income is between \$[/tex]97,000 and \[tex]$97,050, the tax owed for a married couple filing jointly is \$[/tex]15,734.
So, based on the given data, the tax owed by the married couple filing jointly with a taxable income of \[tex]$97,025 is \$[/tex]15,734.
