Mr. and Mrs. Steel, who file a joint return, have $513,200 taxable income in 2012. Compute their regular tax liability.

Name: Mr. and Mrs. Steel, who file a joint return, have $513,200 taxable income in 2012. Compute their regular tax liability.
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Question

Quizplus · Accepted Answer

To compute their regular tax liability, we need to use the 2012 tax table for married filing jointly. Based on the table, the tax liability for $513,200 income is $148,760. Therefore, the correct choice is B.

Mr and Mrs