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Married Taxpayers Filing Single Taxpayers Joint Returns Tax Rate (%) 0-9,950 0-19,900 10% 9,950-40,525 19,900-81,050 12% 40,525-86,375 81,050-172,750 22% 86,375-164,925 172,750-329,850 24% 164,925-209,425 329,850-418,850 32%

 Married Taxpayers Filing Single Taxpayers Joint Returns Tax Rate (%) 0-9,950 0-19,900 10% 9,950-40,525 19,900-81,050 12% 40,525-86,375 81,050-172,750 22% 86,375-164,925 172,750-329,850 24% 164,925-209,425 329,850-418,850 32% 209,425-523,600 418,850-628,300 35% 523,600 and above 628,300 and above 37%

Taxable Income ($)


Single Taxpayers

Married Taxpayers Filing Joint Returns

Tax Rate (%)

0–9,950

0–19,900

10%

9,950–40,525

19,900–81,050

12%

40,525–86,375

81,050–172,750

22%

86,375–164,925

172,750–329,850

24%

164,925–209,425

329,850–418,850

32%

209,425–523,600

418,850–628,300

35%

523,600 and above

628,300 and above

37%


A married couple earned $95,000 in 2022. How much did they pay in taxes? (Use the tax rates presented in Table 3.6.)

Note: Do not round intermediate calculations.

What was their marginal tax bracket?

What was their average tax bracket?

Note: Enter your answer as a percent rounded to 2 decimal places

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