Question

Maria and Juan are married, filing jointly. Their taxable income is $154,849. Use the table below to write an equation to determine their tax. Then calculate their tax.

Answer 1

The right answer is "$31,399.75".

Explanation:

The given value is:

Taxable income,

= $154,849

According to the question,

The tax amount will be:

=
`8,962.50 + (154,849 - 65,100)* 25 \ percent`

=
`8,962.50+(89,749)* 25 \ percent`

=
`8,962.50+22,437.25`

=
`31,399.75` ($)