Question

A taxpayer had a taxable income of $42,700, and his spouse had a taxable income of $48,100. If they wish to file their tax return jointly, which tax bracket will they fall into?

Answer 1

Answer:

They fall into $25 \%$ tax bracket.

Step-by-step explanation:

We need to calculate their tax return jointly, which tax bracket will they fall into.

Given :-

A taxpayer had a taxable income of $42,700, and his spouse had a taxable income of $48,100.

If they wish  to file their tax return jointly then

$\ 42,700 + \ 48,100 = \ 90,800$

In married filling jointly table

The combine salary $\ 90,800$ lies between $\ 67,900 - \ 137,050$

so, the tax bracket is $25 \%$

Therefore, they fall into $25 \%$ tax bracket.

Answer 2

Answer:

25% APEX CONFIRMED