15. Peter and Marge are married, and they file jointly. Their taxable income is $106,800. They have two children for whom they can claim the $1,000 per child tax credit. Use the 2021 Marginal Tax Rates table to neatly fill in the tables below to determine how much tax they will owe. 2021 Marginal Tax Rates TABLE 4E.1 2021 Marginal Tax Rates and Standard Deductions, by Filing Status Married Filing Jointly (8 points) Tax Rate* 10% Single up to $9950 Married Filing Separately Head of Household up to $19,900 up to $9950 up to $14,200 12% up to $40,525 up to $81,050 up to $40,525 up to $54,200 22% up to $86,375 up to $172,750 up to $86,375 24% up to $164,925 up to $329,850 up to $164,925 32% up to $209,425 up to $418,850 up to $209,425 up to $86,350 up to $164,900 up to $209,400 35% up to $523,600 up to $628,300 up to $314,150 up to $523,600 37% above $523,600 above $628,300 above $314,150 Standard $12,550 $25,100 $12,550 above $523,600 $18,800 deduction *Each higher marginal rate begins where the prior one leaves off. For example, for a single person, the 12% rate applies to income above $9950 (because that is where the 10% rate ends) but below $40,525. Tax Bracket: Income range of tax bracket: Amount of Peter's and Marges's Taxable Income in each tax bracket: Tax owed from each tax bracket: Tax on Taxable Income: Tax on Taxable Income: Tax Credits: Tables to fill out to answer the question. 10% 12% 22%