The couple are owning income tax of $22,996.
What is tax?
Tax is the obligatory payment payable to the government on earnings.
In this case, the amount of tax to be paid is the sum of $9,235 plus 22% of the excess of the combined taxable income of the couple over $80,250.
Excess over $80,250=$142,800-$80,250
Excess over $80,250=$62,550
Initial tax amount=$9,235
extra tax amount=$62,550*22%
extra tax= 13,761
total tax amount=initial tax amount+ extra tax
total tax amount=$9,235+$13,761
total tax amount=$22,996
In essence, the couple would pay an initial tax of $9,235 plus an extra tax of $13,761 which gives a total tax liability of $22,996
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