A married couple with one child have a combined income of $60,000. Calculate their taxes...
70.2K
Verified Solution
Link Copied!
Question
Accounting
A married couple with one child have a combined income of $60,000. Calculate their taxes using standard deductions for married couples ($27,700) that are filing jointly. Use the "Married Filling Jointly" table below. Make it a whole number with no decimals/cents or comma. Example: XXXX
Married $22,000 or less 10% of the taxable income $22,001 to $89,450$2,200 plus 12% of the amount over $22,000 $89,451 to $190,750$10,294 plus 22% of the amount over $89,450 $190,751 to $364,200$32,580 plus 24% of the amount over $190,750 $364,201 to $462,500$74,208 plus 32% of the amount over $364,200 $462,501 to $693,750$105,664 plus 35% of the amount over $462,500 $693,751 or more $186,601.50 plus 37% of the amount over $693,750
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
