Raul has an adjusted income of $153,850, is married, and files jointly. Compute his tax.

A) $32,082.50
B) $10,976.00
C) $33,258.50
D) $22,282.50
E) $22,377.50

Question

Raul has an adjusted income of $153,850, is married, and files jointly. Compute his tax.

A) $32,082.50 
B) $10,976.00 
C) $33,258.50 
D) $22,282.50 
E) $22,377.50

Quizplus · Accepted Answer

To compute Raul's tax, we need to use the tax bracket table for married couples filing jointly in 2019.

For the first $19,400 of taxable income, the tax rate is 10%. Raul's adjusted income exceeds this threshold, so he owes $1,940 in taxes for this portion of his income.

For the next $59,550 ($19,401 to $78,950), the tax rate is 12%. Raul's income falls within this range, so he owes an additional $7,146 in taxes for this portion of his income.

For the next $90,800 ($78,951 to $169,750), the tax rate is 22%. Raul's income falls within this range as well, so he owes an additional $19,972 in taxes for this portion of his income.

Finally, for the amount over $169,750, the tax rate is 24%. Raul's income is $153,850, which is less than $169,750, so he does not owe any taxes in this bracket.

To calculate Raul's total tax, we add up the taxes owed in each bracket:

$1,940 + $7,146 + $19,972 = $33,058

Therefore, Raul's tax is $33,058, or approximately answer choice C.

Raul Has an Adjusted Income of $153,850, Is Married, and Files