Hi everyone! I am studying for REG now and am scheduled to take the exam on June 7. I wanted to see if anyone could take a look at a question I came across (using Becker as my main review course). In Regulation 2/Module 4 Skills Practice, there was a question regarding calculating a couple's regular tax liability on a combined income of $200,300 (Married Filing Jointly). The instructor listed the tax in the 10% bracket as $1,925.20. However, wouldn't the tax be calculated as ($19,050 x 10% = $1,905) since the range is $0-$19,050? I wasn't sure where the instructor's answer came from and wanted to see if anyone could verify! Thank you!
AUD - 80
BEC -
NINJA in Training
FAR - 78
REG - 79
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