Answer :
To determine the tax owed by a married couple filing jointly with a taxable income of [tex]$97,025, we need to follow these steps:
1. Identify the Income Range: Check where the taxable income of $[/tex]97,025 falls in the given tax brackets for "Married filing jointly."
2. Use the Correct Range:
- The relevant table states:
- From [tex]$97,000 to $[/tex]97,050, the tax owed is [tex]$15,734.
- From $[/tex]97,050 to [tex]$97,100, the tax owed is $[/tex]15,776.
3. Determine the Tax for the Income: Since [tex]$97,025 falls in the income range of $[/tex]97,000 to [tex]$97,050, the tax owed by a married couple filing jointly is $[/tex]15,734.
Thus, the tax owed by the couple is $15,734.
1. Identify the Income Range: Check where the taxable income of $[/tex]97,025 falls in the given tax brackets for "Married filing jointly."
2. Use the Correct Range:
- The relevant table states:
- From [tex]$97,000 to $[/tex]97,050, the tax owed is [tex]$15,734.
- From $[/tex]97,050 to [tex]$97,100, the tax owed is $[/tex]15,776.
3. Determine the Tax for the Income: Since [tex]$97,025 falls in the income range of $[/tex]97,000 to [tex]$97,050, the tax owed by a married couple filing jointly is $[/tex]15,734.
Thus, the tax owed by the couple is $15,734.