PLEASE help! I don't want the answers, I just need to know how to do this! 2. Ramone and his wife had $72,380.90 in combined gross income in 2010. They had $8,295.00 in various adjustments and deductions. If they are filing jointly, how much income tax do they have to pay for the year?

Question

ineedatutor · Answer

Here's the table

sshayer · Answer

Taxable income=gross income-deductions
then show me your work and i will guide further.

ineedatutor · Answer

@sshayer would that be 

 $72,380.90-$8,295.00?

sshayer · Answer

correct.

sshayer · Answer

calculate taxable income.

jim_thompson5910 · Answer

Let 
x = taxable income = difference of gross income and deductions
T = income tax paid = amount sent to the government

Use the "filing jointly" chart on the right side. You'll use the second row of that chart since subtracting `$72,380.90-$8,295.00` leads to a value between 16750 and 68000. That second row turns into this equation

T = 1675 + (x-16750)

where $\Large 16750 < x \le 68000$

jim_thompson5910 · Answer

sorry, I meant to write this equation

T = 1675 + 0.15*(x-16750)

ineedatutor · Answer

I think I'm understanding now.

ineedatutor · Answer

@jim_thompson5910 

would I use 64085.9 for X?

jim_thompson5910 · Answer

`would I use 64085.9 for X?`

yes @IneedaTutor