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1. Assume for tax year 2022, you and your spouse's adjusted gross income is equal to $205,000. You will file your federal taxes as Married
1. Assume for tax year 2022, you and your spouse's adjusted gross income is equal to $205,000. You will file your federal taxes as Married Filing Jointly taking the standard deduction. What is your tax liability for 2022? (see the 2022 tax table in columns R - AA). The 2022 standard deduction for a single taxpayer is equal to $25,900.
What is your total income tax liability?
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