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Jordan and Paul, a married couple, have taxable income of $46,625, which is taxed as follows: $18, 650 10% = $1,865.00 ($46,625-$18,650) 15% = $4,196.25
Jordan and Paul, a married couple, have taxable income of $46,625, which is taxed as follows: $18, 650 10% = $1,865.00 ($46,625-$18,650) 15% = $4,196.25 Total tax liability $6,061.25 Their marginal tax rate is:
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