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Maryssa plan to marry in December 2 0 2 3 . BrettBrett ' s salary is $ 7 0 , 0 0 0 and he

Maryssa plan to marry in December 2023. BrettBrett's salary is $70,000 and he owns his residence. His itemized deductions total $22,850. Maryssa's salary is $93,000. Her itemized deductions total only $11,400 as she does not own her residence STANDARD DEDUCTION
Filing Status
Married individuals filing joint returns and surviving spouses
$27,700
Heads of households
$20,800
Unmarried individuals (other than surviving spouses and heads of households)
$13,850
Married individuals filing separate returns
$13,850
Additional standard deduction for the aged and the blind; Individual who is married and surviving spouses
$1,500*
Additional standard deduction for the aged and the blind; Individual who is unmarried and not a surviving spouse
$1,850*
Taxpayer claimed as dependent on another taxpayers return: Greater of (1) earned income plus $400 or (2) $1,250.
* These amounts are $3,000 and $3,700, respectively, for a taxpayer who is both aged and blind. Married, Filing Joint and Surviving Spouse
If taxable income is:
The tax is:
Not over $22,000
10% of taxable income
Over $22,000 but not over $89,450
$2,200.00+12% of the excess over $22,000
Over $89,450 but not over $190,750
$10,294.00+22% of the excess over $89,450
Over $190,750 but not over $364,200
$32,580.00+24% of the excess over $190,750
Over $364,200 but not over $462,500
$74,208.00+32% of the excess over $364,200
Over $462,500 but not over $693,750
$105,664.00+35% of the excess over $462,500
Over $693,750
$186,601.50+37% of the excess over $693,750 f taxable income is:
The tax is:
Not over $11,000
10% of taxable income
Over $11,000 but not over $44,725
$1,100.00+12% of the excess over $11,000
Over $44,725 but not over $95,375
$5,147.00+22% of the excess over $44,725
Over $95,375 but not over $182,100
$16,290.00+24% of the excess over $95,375
Over $182,100 but not over $231,250
$37,104.00+32% of the excess over $182,100
Over $231,250 but not over $578,125
$52,832.00+35% of the excess over $231,250
Over $578,125
$174,238.25+37% of the excess over $578,125 Explain in easy yet simple please dont overcomplicate explenation.

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