If Neal and Linda had a combined taxable income of $209,150 and filed their federal income tax with the married filing jointly status , how much does the table below say that they should pay in federal income tax?
![If Neal and Linda had a combined taxable income of 209150 and filed their federal income tax with the married filing jointly status how much does the table belo class=](https://us-static.z-dn.net/files/d89/88287484a4a02938a7f129f24cb1360a.jpg)
Answer:
correct option is A. $46840.50
Step-by-step explanation:
given data
taxable income = $209,150
solution
we calculate the tax for income is $209,150
The tax of the taxable income over $208,850 but but not over $372950 is
tax of the taxable income over $208,850 = $47741.50 plus 33% of the amount over $208850
tax = $47741.50 + 33% of ( $209,150 - $208850 )
tax = $47741.50 + 33% of ( $300)
solve it we get
tax = $46840.5
so correct option is A. $46840.50