he have an income ofSn2016 and plan to take mastendard deductempuheyareSA rod have an icome of $85,000 and plan to take the standard deduction. They are maried e standard deduction in 2016 is $12,600 for a married couple. h (249 person Calculate their taxes: INCOME: $85,000 DEDUCTION: EXEMPTIONS: TAXABLE INCOME are $4050 pe12 OT TAX: Married Filing J Taxable Income 50 $ 1 8,550 $18,551-$75,300 $75,301- $151,900 $151,901-$231,450 $231,451-$413,350 $413,351-$466,950 ax Rate 110% 1,855 plus 15% of the amount over $18,550 310,367.50 plus 25% of the amount over $75300 29,517.50 plus 28% of the amount over $151.900 51,791.50 plus 33% of the amount over $231,450 11 1 ,818.50 plus 35% of the amount over $413,350 $130,578.50 plus 39.6% of the amount over $466,950 $466,951 or more