The following information relates to two married couples: (Click the icon to view the information.) (Click the icon to view the 2021 tax rate schedule for the Married filing jointly filing status.) (Click the icon to view the standard deduction amounts.) Read the requirement. . Begin by computing taxable income for each couple. (Complete all input fields. Enter "O" for accounts with zero balance.) Lanes Falbos 28000 Salary Taxable interest income 105000 500 80 Gross income 28080 0 105500 6000 Minus: IRA contribution Adjusted gross income Minus: Greater of standard deduction or itemized deductions 99500 28080 29000 29000 Taxable income Now calculate the 2021 tax due or refund due for each couple. (Use the 2021 rate schedule for all tax calculations. Do not round intermediary calculations. Only round the amount you enter in the input field to the nearest dollar. Use a minus sign or parentheses for a net tax refund.) Lanes Falbos Gross tax Minus: Withholding Tax due (refund) Lanes Falbos Salary (earned by one spouse) 28,000 $ 105,000 Taxable interest income 80 500 Deductible IRA contribution 0 6,000 Itemized deductions 1,200 29,000 Withholding 1,100 8,300 The Lanes made no charitable contributions, but $9,900 of the Falbos' itemized deductions are charitable contributions. Married, Filing Joint and Surviving Spouse If taxable income is: The tax is: Not over $19,900 10% of taxable income. Over $19,900 but not over $81,050 $1,990.00 + 12% of the excess over $19,900. Over $81,050 but not over $172,750 .. 59,328.00 + 22% of the excess over $81,050. Over $172,750 but not over $329,850 ... 529,502.00 + 24% of the excess over $172,750. Over $329,850 but not over $418,850 ... 567,206.00 + 32% of the excess over $329,850. Over $418,850 but not over $628,300 ...595,686.00 + 35% of the excess over $418,850. Over $628,300 $168,993.50 + 37% of the excess over $628,300. $ 25,100 $ 18,800 $ 12,550 STANDARD DEDUCTION Filing Status Married individuals filing joint returns and surviving spouses Heads of households Unmarried individuals (other than surviving spouses and heads of households) Married individuals filing separate returns Additional standard deduction for the aged and the blind; Individual who is married and surviving spouses Additional standard deduction for the aged and the blind; Individual who is unmarried and not a surviving spouse Taxpayer claimed as dependent on another taxpayer's return: Greater of (1) earned income plus $350 or (2) $1,100. $ 12,550 $1,350* $1,700* LAR