balancexv23271 balancexv23271
  • 22-01-2020
  • Business
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If you are married filing jointly with your spouse and your income is $65,225.00, what is the amount of federal income tax you owe?

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nanfalewis1
nanfalewis1 nanfalewis1
  • 23-01-2020

Answer:

The answer is $7,827.00

Explanation:

The 2019-2020 federal income tax brackets varies from 10%, 12% , 22%, 24%, 32%, 35% and 37%. For a married filing jointly couple or a qualifying widow(er), with an income of $65,225.00, the tax bracket allocated will be 12% ($19,401 - $78,950) due for April 15, 2020.

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