Answer :
Step 1: Identify the correct income range.
The taxable income is given as
[tex]$$
\$97,\!025.
$$[/tex]
Looking at the table, we determine in which row this income falls. Since
[tex]$$
97,\!000 \le 97,\!025 < 97,\!050,
$$[/tex]
the appropriate row is the one for incomes at least \[tex]$97,000 but less than \$[/tex]97,050.
Step 2: Locate the tax for married filing jointly.
In the selected row for incomes between \[tex]$97,000 and \$[/tex]97,050, the table lists the tax for a married couple filing jointly as
[tex]$$
15,\!734.
$$[/tex]
Step 3: State the result.
Thus, the tax owed by a married couple filing jointly with a taxable income of \[tex]$97,025 is
$[/tex][tex]$
\$[/tex]15,\!734.
[tex]$$[/tex]
The taxable income is given as
[tex]$$
\$97,\!025.
$$[/tex]
Looking at the table, we determine in which row this income falls. Since
[tex]$$
97,\!000 \le 97,\!025 < 97,\!050,
$$[/tex]
the appropriate row is the one for incomes at least \[tex]$97,000 but less than \$[/tex]97,050.
Step 2: Locate the tax for married filing jointly.
In the selected row for incomes between \[tex]$97,000 and \$[/tex]97,050, the table lists the tax for a married couple filing jointly as
[tex]$$
15,\!734.
$$[/tex]
Step 3: State the result.
Thus, the tax owed by a married couple filing jointly with a taxable income of \[tex]$97,025 is
$[/tex][tex]$
\$[/tex]15,\!734.
[tex]$$[/tex]
