High School

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

\[
\begin{array}{|c|c|c|c|c|c|}
\hline
\multicolumn{2}{|l|}{\text{If line 43 (taxable income) is -}} & \multicolumn{4}{|c|}{\text{And you are-}} \\
\hline
\text{At least} & \text{But less than} & \text{Single} & \text{Married filing jointly} & \text{Married filing separately} & \text{Head of household} \\
\hline
& & \multicolumn{4}{|r|}{\text{Your tax is-}} \\
\hline
\multicolumn{6}{|c|}{97,000} \\
\hline
97,000 & 97,050 & 20,149 & 15,734 & 20,609 & 18,509 \\
\hline
97,050 & 97,100 & 20,163 & 15,776 & 20,623 & 18,521 \\
\hline
97,100 & 97,150 & 20,177 & 15,759 & 20,637 & 18,534 \\
\hline
97,150 & 97,200 & 20,191 & 15,771 & 20,651 & 18,546 \\
\hline
97,200 & 97,250 & 20,205 & 15,784 & 20,665 & 18,559 \\
\hline
& & & & & \\
\hline
97,250 & 97,300 & 20,219 & 15,796 & 20,679 & 18,571 \\
\hline
97,300 & 97,350 & 20,233 & 15,809 & 20,693 & 18,584 \\
\hline
97,350 & 97,400 & 20,247 & 15,821 & 20,707 & 18,596 \\
\hline
97,400 & 97,450 & 20,261 & 15,834 & 20,721 & 18,609 \\
\hline
\end{array}
\]

The taxable income of [tex]\$97,025[/tex] falls within the range of [tex]97,000[/tex] to [tex]97,050[/tex], so 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 need to determine where this income falls in the tax table provided. Here’s how you can do it step by step:

1. Identify the Tax Bracket:
- Look at each income range provided in the "Married filing jointly" column of the tax table.
- Find where $[/tex]97,025 fits within these ranges.

2. Find the Correct Income Range:
- The given ranges in the table are:
- [tex]$97,000 to $[/tex]97,050
- [tex]$97,050 to $[/tex]97,100
- [tex]$97,100 to $[/tex]97,150
- [tex]$97,150 to $[/tex]97,200
- And so on...
- The income of [tex]$97,025 falls between $[/tex]97,000 and [tex]$97,050.

3. Determine the Tax Owed:
- According to the table, for a taxable income between $[/tex]97,000 and [tex]$97,050, the tax owed for a married couple filing jointly is $[/tex]15,734.

Therefore, the tax owed by the married couple with a taxable income of [tex]$97,025 is $[/tex]15,734.

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