Danny and Sandra are married and plan to file a joint tax return. Their total taxable income received during the tax year is $69,900 which all came from their respective employers. What would the couples income tax liability be on their tax return using the Tax Rate Schedule below?

Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) \begin{tabular}{|c|c|l|} \hline If taxable income is over: & But not over: & \multicolumn{1}{|c|}{ The tax is: } \\ \hline$1919,750 & 10% of taxable income \\ \hline$80,250 & $80,250 & $1,975 plus 12% of the excess over $19,750 \\ \hline$171,050 & $171,050 & $9,235 plus 22% of the excess over $80,250 \\ \hline$326,600 & $326,600 & $29,211 plus 24% of the excess over $171,050 \\ \hline$414,700 & $414,700 & $66,543 plus 32% of the excess over $326,600 \\ \hline$622,050 & $622,050 & $94,735 plus 35% of the excess over $414,700 \\ \hline- & $167,307.50 plus 37% of the excess over $622,050 \\ \hline \end{tabular}