According to the table below, which of these is a possible taxable income for a married couple filing jointly in the [tex]$25 \%$[/tex] federal income tax bracket?

\begin{tabular}{|r|r|r|}
\hline \multicolumn{3}{|c|}{ Married Filing Jointly } \\
\hline \begin{tabular}{c}
Taxable \\
income is \\
over
\end{tabular} & \begin{tabular}{r}
But not \\
over
\end{tabular} & Bracket \\
\hline [tex]$\$[/tex] 0[tex]$ & 16,700 & $[/tex]10 \%[tex]$ \\
\hline 16,700 & 67,900 & $[/tex]15 \%[tex]$ \\
\hline 67,900 & 137,050 & $[/tex]25 \%[tex]$ \\
\hline 137,050 & 208,850 & $[/tex]28 \%[tex]$ \\
\hline 208,850 & 372,950 & $[/tex]33 \%[tex]$ \\
\hline 372,950 & & $[/tex]35 \%[tex]$ \\
\hline
\end{tabular}

A. $[/tex]\[tex]$ 67,900$[/tex]

B. [tex]$\$[/tex] 208,850[tex]$

C. $[/tex]\[tex]$ 372,950$[/tex]

D. [tex]$\$[/tex] 137,050$



Answer :

To determine which of the given incomes falls into the [tex]$25\%$[/tex] federal income tax bracket for a married couple filing jointly, we need to refer to the tax table provided.

The [tex]$25\%$[/tex] tax bracket for married filing jointly is applicable for taxable incomes that are over [tex]$67,900 but not over $[/tex]137,050.

Let's verify each of the given options against this range:

A. \[tex]$67,900: This amount is exactly the lower boundary of the $[/tex]25\%[tex]$ tax bracket. However, for the $[/tex]25\%[tex]$ tax bracket, income must be over \$[/tex]67,900. Therefore, \[tex]$67,900 does not fall into the $[/tex]25\%[tex]$ tax bracket. B. \$[/tex]208,850: This amount is higher than the upper boundary of the [tex]$25\%$[/tex] tax bracket, which is \[tex]$137,050. Instead, \$[/tex]208,850 falls into the [tex]$28\%$[/tex] tax bracket (over \[tex]$137,050 but not over \$[/tex]372,950). Therefore, \[tex]$208,850 does not apply. C. \$[/tex]372,950: This amount exceeds the range of the [tex]$25\%$[/tex] tax bracket and even the [tex]$28\%$[/tex] tax bracket. Instead, \[tex]$372,950 falls into the $[/tex]33\%[tex]$ tax bracket (over \$[/tex]208,850 but not over \[tex]$372,950). Therefore, \$[/tex]372,950 does not apply.

D. \[tex]$137,050: This amount is exactly the upper boundary of the $[/tex]25\%[tex]$ tax bracket. According to the tax table, the $[/tex]25\%[tex]$ bracket is for incomes over \$[/tex]67,900 but not over \[tex]$137,050, meaning \$[/tex]137,050 is included in this bracket.

After evaluating all options against the given tax table, the possible taxable income for a married couple filing jointly that falls in the [tex]$25 \%$[/tex] federal income tax bracket is:

D. \$137,050.