compute the tax owed by the following person. A married couple filing jointly with a taxable income of ​$255,000 and a ​$6500 tax credit

Question

compute the tax owed by the following person.

A married couple filing jointly with a taxable income of $255,000 and a $6500 tax credit

 

The following information you will need is

Tax rate: 33%

The amount for the tax rate income: $217,451 to $388,350

Standard Deduction: $11,900

Exemptions (per person): 3800

Answer 1

Adjusted gross income - - 255,000

Less standard deduction - - (11,900)

Less exemptions  - - (7,600)

Taxable income  - - 235,500

Tax at 33% - - 77,715

Less tax credit (6,500)

Total tax - - 71,215