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14 July, 12:26

2. Ramone and his wife had $72,380.90 in combined gross income in 2010. They had $8,295.00 in various adjustments and deductions. If they are filing jointly, how much income tax do they have to pay for the year?

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  1. 14 July, 13:44
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    Let x = taxable income = difference of gross income and deductions T = income tax paid = amount sent to the government Use the "filing jointly" chart on the right side. You'll use the second row of that chart since subtracting $72,380.90-$8,295.00 leads to a value between 16750 and 68000. That second row turns into this equation T=1675+0.15 (x-16750) w here 16750
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