Question

A. Find the federal income tax for a married couple filing jointly whose taxable income was $170,000.

A) $30,490

B) $26,950

C) $20,690

D) $17,000

B. Write an equation that could be used to find y, the 2015 federal income tax in dollars, for a married couple filing jointly for income x, in dollars, which is over $151,200 but not over $230,450.

A) y = 0.28x + 26,075

B) y = 0.33x + 24,950

C) y = 0.31x + 20,690

D) y = 0.35x + 17,000

Answer 1

To find the federal income tax for a married couple filing jointly with a taxable income of $170,000, you can use the tax schedule. The correct equation to find the federal income tax for a married couple with an income between $151,200 and $230,450 is y = 0.28x + 26,075.

Step-by-step explanation:

To find the federal income tax for a married couple filing jointly with a taxable income of $170,000, you can refer to the tax schedule provided. The tax owed can be calculated using the formula: tax = base tax + (tax rate × (taxable income - lower limit)). For this case, the tax would be $12,689.50. Therefore, none of the options A, B, C, or D provided match the correct federal income tax amount for this couple.

To write an equation for finding the federal income tax in 2015 for a married couple filing jointly with an income between $151,200 and $230,450, you can use the information provided in the table. Based on the tax rates and income brackets, the correct equation is y = 0.28x + 26,075. Therefore, option A is the correct equation.