Harry and helen are married, filing jointly. their combined taxable income is $65,922. every week, a total of $187 is withheld from their pay. based on the table below, what can harry and helen expect when their taxes are due?

The net tax refund of Harry and Helen is $555.

Further explanation:

Marginal tax rate:

The marginal tax rate refers to the tax rate that is incurred on the additional dollar. Generally, the marginal tax rate tends to increase as the income of the taxpayer increases. It is also known as progressive taxation where the taxpayer with the higher level of income tends to pay a higher level of income tax.  

Tax liability of Harry and Helen:

The income of Harry and Helen is $65,922. They are a married couple who filled return jointly. Their income falls in the income slab of $65,900-65,950. The tax liability of a married couple filing jointly is $9,169. Every week, $187 is withheld from their pay. The total withheld amount for the year will be deducted from the total tax liability to calculate their due tax liability.

Thus, the net tax refund of Harry and Helen is $555.

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Answer details:

Grade: Senior School

Subject: Taxation

Chapter: Income tax

Keyword: Harry and Helen are married, filing jointly, their, combined, taxable, income, every week, a total, withheld, from, their, pay, based, the table below, expect, their, taxes.

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step-by-step explanation:

step-by-step explanation:

the true statements are:

r = set of real numbers

n = set of natural numbers, 1,2,

w = n u{0} = {0,1,}