Answer:
$47,200
Step-by-step explanation:
Given :
The total income of a married couple = $75,000.
Number of children = 2
Therefore to find the taxable income of a U.S. family is given by the following formula ---
taxable income = total income- exemption deduction - standard deduction
We know that exemption deduction for a U.S couple as fixed by the government is $15,600.
And the standard deduction for a U.S couple as fixed by the government is $12,200.
Thus in order to find the taxable income of the couple, use the formula
taxable income = total income- exemption deduction - standard deduction
= $75,000 - $15,600 - $12,200
= $47,200.
Thus the taxable income is $47,200.
