Question
Using the tax rates and the tax brackets for 2019, compute the total tax for a married couple filing jointly with a combined taxable income
Using the tax rates and the tax brackets for 2019, compute the total tax for a married couple filing jointly with a combined taxable income of $610,000.
A. $168,791
B. $163,886
C. $164,708
D. $213,500
E. $196,641
2019 U.S. Tax Brackets for married couples filing jointly:
Tax Brackets Tax Rate Tax on This Bracket Cumulative Tax
$ 0 - $19,400 10% $ 1,940 $ 1,940
19,401 - 78,950 12% 7,146 9,086
78,951 - 168,400 22% 19,679 28,765
168,401 - 321,450 24% 36,732 65,497
321,451 - 408,200 32% 27,760 93,257
408,201 - 612,350 35% 71,453 164,710
612,351 - 650,000 37% 13,931 178,641
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