Many tax items are subject to annual adjustments for inflation. These include tax brackets, retirement contributions, standard deductions, and many others. What effect do certain inflation adjustments have on tax liability from year$-$to$-$year?

A married couple has combined W$-2$ income of $$68,220.$ Use the appropriate Tax Tables.

Required:

a$.$ For tax year $2023,$ determine their tax liability.

b$.$ In tax year $2022,$ the tax tables and amount of standard deduction were different from tax year $2023.$ Locate the $2022$ tax tables and determine the $2022$ standard deduction amount. The web is a good place to start your search. If the couple had $$68,220$ of W$2$ income in tax year $2022,$ what would have been their tax liability?

c$.$ What is the difference between $2022$ tax liability and $2023$ tax liability?

Note: For all requirements, round your intermediate calculations and final answer to the nearest dollar amount.

$\backslash$table$[[$a$.$ Tax liability for the tax year $2023,$$$423$