The W-2 incomes of Betty and her husband Ronald were $43,688 and $41,539, respectively. If Betty...
The W-2 incomes of Betty and her husband Ronald were $43,688 and $41,539, respectively. If Betty and Ronald use a filing status of married filing jointly, determine their tax liability. Use the appropriate 2019 Tax Tables.
Homework Answers
Standard Deduction for filing return jointly is $ 24,400. Total Income is $ 85227.
Taxable income is 85227 - 24400 = $60827
so tax liability is $ 7299.24 as per table.
link for tax rates
https://taxfoundation.org/2019-tax-brackets/
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The W-2 incomes of Betty and her husband Ronald were $43,688 and
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