Find the amount of income tax for a couple claiming married filing jointly status. Mr. Slater earns $57,235 a year, and Mrs. Slater earns $79,300 a year.

Question

Using the tax table and situation, answer the question.

15% tax bracket
Tax in
tax bracket: _________

$8,520

$4,256

$5,579

Answer 1

First, we need to determine the taxable income for the couple. To do this, we add Mr. Slater's income to Mrs. Slater's income:

$57,235 + $79,300 = $136,535

Next, we find the tax amount for each tax bracket that their income falls into:

- The first $19,750 falls into the 10% tax bracket:
$19,750 x 0.10 = $1,975

- The next $60,250 falls into the 12% tax bracket:
$60,250 x 0.12 = $7,230

Since their total income is $136,535, the remaining $56,535 falls into the 22% tax bracket:
$56,535 x 0.22 = $12,438.70

Finally, we add up the tax amounts for each tax bracket:

$1,975 + $7,230 + $12,438.70 = $21,643.70

Thus, the total amount of income tax for the couple claiming married filing jointly status is $21,643.70.