First, we need to calculate the total income of the couple. Mr. Slater's income is $57,235 and Mrs. Slater's income is $79,300, so their total income is $57,235 + $79,300 = $136,535.
Next, we need to determine which tax bracket the couple falls in. Since the 15% tax bracket for married filing jointly status is from $19,051 to $77,400, the couple's income falls entirely within this bracket.
To find the amount of income tax the couple owes, we need to apply the 15% tax rate to their total income.
15% of $136,535 is 0.15 x $136,535 = $20,480.25
Therefore, the amount of income tax for the couple claiming married filing jointly status is $20,480.25.
The options provided do not match this calculation, but the correct answer based on the information given is $20,480.25.
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..
Using the tax table and situation, answer the question.
15% tax bracket
Tax in
tax bracket: _________
$8,520
$4,256
$5,579
1 answer