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Susan and Stan Williams are a married couple who file joint income tax returns. The income tax table is provided below. Their combined annual income
Susan and Stan Williams are a married couple who file joint income tax returns. The income tax table is provided below. Their combined annual income is $110,000 in the previous year. The standard deduction is $25,100 in the U.S. It means that income above the standard deduction is treated as taxable income. If the taxable income Pay below is between: amount on min max the base $0 $19,900 $0 $19,901 $81,050 $1,990 $81,051 $172,750 $9,328 $172,751 $329,850 $29,502 $329,851 $418,850 $67,205 $418,851 $628,300 $95,685 $628,301 $168,992 Plus this % on the excess over the base 10.0% 12.0% 22.0% 24.0% 32.0% 35.0% 37.0% and up How much is Williams' take-home (i.e., after-tax) income? Enter your answer in the following format: 123,456 Hint: Answer is between 90841 and 109808
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