An old couple filing jointly has taxable income of $255,000. Use the tax table (provide below) to calculate the amount of federal income tax that they will be required to pay.

For Unmarried For Married Individuals For Heads of Rate Individuals, Taxable Filing Joint Returns, Taxable Households, Taxable Income Over Income Over Income Over 10% $0 $0 $0 12% $9,700 $19,400 $13,850 22% $39,475 $78,950 $52,850 24% $84,200 $ 168,400 $ 84,200 32% $160,725 $321,450 $ 160,700 35% $204,100 $ 408,200 $204,100 37% $510,300 $ 612,350 $510,300 Table 1. Tax Brackets and Rates, 2019