What is their joint tax liability before credits and payment

Reference no: EM133609039

Question: Ryan and his wife Taylor work for different companies. In 2022, Ryan earned $95,000 and Taylor earned $90,000. They contributed $12,500 to charity and they have no other itemized deductions. They have 2 kids aged 10, and 4. They decide to file their taxes jointly. The standard deduction for a married, filing joint for the year is $25,900. What is their joint tax liability before credits and payments?

Reference no: EM133609039

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