Answer:
The income will they have left over after paying their federal income tax is $64,850.00.
Step-by-step explanation:
Given:
A married couple filing their federal income tax return jointly had a taxable
income of $76,300.
Now, to find according to the table the income will they left over after paying their federal income tax.
So, as given in table:
The tax of the taxable income over $67,900 but not over $1,37,050 is $9,350 plus 25% of the amount over $67,900.
As, the taxable income $76,300 falls in to the above conditions.
Now, to calculate the tax:
[tex]9350+25\%\ of\(76300-67900)[/tex]
[tex]=9350+25\%\ of\ 8400[/tex]
[tex]=9350+\frac{25}{100} \times 8400[/tex]
[tex]=9350+0.25\times 8400[/tex]
[tex]=9350+2100[/tex]
[tex]=11450.[/tex]
Thus, the tax = $11450.
Now, deducting the tax from the taxable income:
[tex]76300-11450\\=64850[/tex]
So, the amount left = $64,850.
Therefore, the income will they have left over after paying their federal income tax is $64,850.00.
