14. According to the following table, what is the federal income tax due for Mr. and Mrs. Jones filing their federal income tax return jointly who make a
combined $92,400 in taxable income?
Married Filing Jointly
of the
But not
Taxable
income is
over
The tax is
Plus
over
amount
over
SO
16,700
90.00
10%
18
16,700
67 900
1,670.00
15%
16,700
67 900
137 050
9,350.00
25%
67.900
Tel.
137,050
208,850
26,637.50
28%
137.050
201.850
372,950
46,741.50
33%
203.850
372 950
100,694.50
35%
372,950