Answer :
To compare the taxes paid by Jarrod and Paige for taxable incomes of \[tex]$80,456 based on their filing statuses:
1. Identify Jarrod's tax liability:
Jarrod's filing status is Single, and his taxable income is \$[/tex]80,456.
According to the tax table:
- For taxable income between \[tex]$80,450 and \$[/tex]80,500, the tax for a single filer is \[tex]$16,306. - \$[/tex]80,456 falls within this range (\[tex]$80,450 to \$[/tex]80,500).
Therefore, Jarrod's tax liability is \[tex]$16,306. 2. Identify Paige's tax liability: Paige's filing status is Head of Household, and her taxable income is also \$[/tex]80,456.
According to the tax table:
- For taxable income between \[tex]$80,450 and \$[/tex]80,500, the tax for a head of household filer is \[tex]$14,971. - \$[/tex]80,456 falls within this range (\[tex]$80,450 to \$[/tex]80,500).
Therefore, Paige's tax liability is \[tex]$14,971. 3. Calculate the difference in taxes paid: The difference between the amounts of taxes paid by Jarrod and Paige is: \[ \text{Difference} = \text{Jarrod's tax liability} - \text{Paige's tax liability} \] \[ \text{Difference} = \$[/tex]16,306 - \[tex]$14,971 \] \[ \text{Difference} = \$[/tex]1,335
\]
So, Jarrod paid \[tex]$16,306 in taxes, while Paige paid \$[/tex]14,971 in taxes. The difference between the amounts they paid is \$1,335, with Jarrod paying this amount more than Paige.
According to the tax table:
- For taxable income between \[tex]$80,450 and \$[/tex]80,500, the tax for a single filer is \[tex]$16,306. - \$[/tex]80,456 falls within this range (\[tex]$80,450 to \$[/tex]80,500).
Therefore, Jarrod's tax liability is \[tex]$16,306. 2. Identify Paige's tax liability: Paige's filing status is Head of Household, and her taxable income is also \$[/tex]80,456.
According to the tax table:
- For taxable income between \[tex]$80,450 and \$[/tex]80,500, the tax for a head of household filer is \[tex]$14,971. - \$[/tex]80,456 falls within this range (\[tex]$80,450 to \$[/tex]80,500).
Therefore, Paige's tax liability is \[tex]$14,971. 3. Calculate the difference in taxes paid: The difference between the amounts of taxes paid by Jarrod and Paige is: \[ \text{Difference} = \text{Jarrod's tax liability} - \text{Paige's tax liability} \] \[ \text{Difference} = \$[/tex]16,306 - \[tex]$14,971 \] \[ \text{Difference} = \$[/tex]1,335
\]
So, Jarrod paid \[tex]$16,306 in taxes, while Paige paid \$[/tex]14,971 in taxes. The difference between the amounts they paid is \$1,335, with Jarrod paying this amount more than Paige.