consider the following married couple, who are deciding whether to file jointly or separately. calculate…

consider the following married couple, who are deciding whether to file jointly or separately. calculate their taxes in both cases, using the tax rates in the given table, and compare the results. (taxable incomes are given, so deductions have already been taken.) duan and ula have taxable incomes of $30,500 and $32,800, respectively. click the icon to view the tax rates. duan and ula owe a total of $ when filing separately. tax rates tax rate single married filing jointly married filing separately head of household 10% up to $9950 up to $19,900 up to $9950 up to $14,200 12% up to $40,525 up to $81,050 up to $40,525 up to $54,200 22% up to $86,375 up to $172,750 up to $86,375 up to $86,350 24% up to $164,925 up to $329,850 up to $164,925 up to $164,900 32% up to $209,425 up to $418,850 up to $209,425 up to $209,400 35% up to $523,600 up to $628,300 up to $314,150 up to $523,600 37% above $523,600 above $628,300 above $314,150 above $523,600 standard deduction $12,550 $25,100 $12,550 $18,800
Answer
Explanation:
Step1: Calculate Duan's tax
Duan's taxable income is $30,500. Since $9950 < 30500\leq40525$, the tax - rate is 12%. $30500\times0.12 = 3660$
Step2: Calculate Ula's tax
Ula's taxable income is $32,800$. Since $9950 < 32800\leq40525$, the tax - rate is 12%. $32800\times0.12=3936$
Step3: Calculate total tax when filing separately
Add Duan's and Ula's taxes. $3660 + 3936=7596$
Answer:
$7596$