For a taxable income of $100,000, what would be the estimated tax owed if filing married jointly in 2017?

To determine the estimated tax owed for a taxable income of $100,000 while filing jointly in 2017, it's important to use the appropriate tax brackets for that specific year.

In 2017, the tax rate for married couples filing jointly was structured as follows for income brackets:

1. 10% on income up to $18,650.

2. 15% on income over $18,650 up to $75,900.

3. 25% on income over $75,900 up to $153,100.

Given a taxable income of $100,000, here's how the tax calculation would proceed:

• From $0 to $18,650, the tax is 10%:

$18,650 * 0.10 = $1,865

• From $18,650 to $75,900, the income in this bracket is

$75,900 - $18,650 = $57,250. The tax on this portion is 15%:

$57,250 * 0.15 = $8,587.50

• From $75,900 to $100,000, the income in this bracket is

$100,000 -