Answer :
To determine the tax owed by a married couple filing jointly with a taxable income of [tex]$97,025, we need to look at the tax brackets provided in the tax table.
1. Find where the taxable income falls within the provided tax brackets for those married and filing jointly.
2. Look at the column specifically for "Married filing jointly," as this is the filing status of the couple.
3. Based on the tax table, we see different ranges of taxable income and their corresponding taxes:
- Between \$[/tex]97,000 and \[tex]$97,050, the tax is \$[/tex]20,149.
- The ranges continue increasing incrementally.
4. Since \[tex]$97,025 falls in the range from \$[/tex]97,000 to \[tex]$97,050, we check the corresponding tax amount for this range.
5. For a taxable income of \$[/tex]97,025, which falls between \[tex]$97,000 and \$[/tex]97,050, the tax owed by the couple would be \[tex]$20,149.
Therefore, the tax owed on a taxable income of \$[/tex]97,025 for a married couple filing jointly is \$20,149.
1. Find where the taxable income falls within the provided tax brackets for those married and filing jointly.
2. Look at the column specifically for "Married filing jointly," as this is the filing status of the couple.
3. Based on the tax table, we see different ranges of taxable income and their corresponding taxes:
- Between \$[/tex]97,000 and \[tex]$97,050, the tax is \$[/tex]20,149.
- The ranges continue increasing incrementally.
4. Since \[tex]$97,025 falls in the range from \$[/tex]97,000 to \[tex]$97,050, we check the corresponding tax amount for this range.
5. For a taxable income of \$[/tex]97,025, which falls between \[tex]$97,000 and \$[/tex]97,050, the tax owed by the couple would be \[tex]$20,149.
Therefore, the tax owed on a taxable income of \$[/tex]97,025 for a married couple filing jointly is \$20,149.
