Paris and Tristan are married and file jointly. Assume that Paris and Tristan's taxable income is $200,000, including $7,200 of net long-term capital gain. Also assume that their employers withheld $33,500 of federal income tax from their paychecks during the year. Given this taxable income, and the facts above, how much tax is due with the couple's return? For your convenience, the married filing jointly (MFJ) schedule is shown below. Recall that the 2023 standard deduction amount for married filing jointly is $27,700. Assume the applicable capital gain tax rate is 15%. If TI is over: But not over: The tax is: $0 $22,000 = 10% of taxable income. $22,000 $89,450 = $2,200+ 12% of amount over $22,000 $89,450 $190,750 = $10,294 + 22% of amount over $89,450 $190,750 $364,200 = $32,580 + 24% of amount over $190,750 $364,200 $462,500 = $74,208 + 32% of amount over $364,200 = $105,664 + 35% of amount over $462,500 $462,500 $693,750 $693,750 No limit = = $186,601.50 + 37% of amount over $693,750