4.E.59 Married Filing Jointly up to $18,650 up to $75,900 up to $153,100 up to $233,350 up to $416,700 up to $470,700 above $470,700 Consider the following couple, who are engaged to be married....


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4.E.59<br>Married Filing<br>Jointly<br>up to $18,650<br>up to $75,900<br>up to $153,100<br>up to $233,350<br>up to $416,700<br>up to $470,700<br>above $470,700<br>Consider the following couple, who are engaged to be married. Assume that each person takes one<br>exemption and the standard deduction. Answer the questions below using the tax rates in the table to the<br>right.<br>Tax Rate<br>10%<br>15%<br>25%<br>28%<br>33%<br>35%<br>39.6%<br>Standard<br>deduction<br>Exemption<br>(per person)<br>Single<br>up to $9325<br>up to $37,950<br>up to $91,900<br>up to $191,650<br>up to $416,70C<br>up to $418,400<br>above $418,400<br>Rebecca and Roberto have adjusted gross incomes of $96,400 and $82,200, respectively.<br>$6350<br>$12,700<br>$4050<br>$4050<br>Calculate their income tax if they delay their marriage until next year so they can file their tax retums as individuals at the single tax rate this year.<br>Their income tax would be $ 30,928'.<br>(Round to the nearest dollar as needed.)<br>Calculate their income tax if they marry before the end of this year and file a joint return.<br>Their income tax would be $31075.<br>(Round to the nearest dollar as needed.)<br>

Extracted text: 4.E.59 Married Filing Jointly up to $18,650 up to $75,900 up to $153,100 up to $233,350 up to $416,700 up to $470,700 above $470,700 Consider the following couple, who are engaged to be married. Assume that each person takes one exemption and the standard deduction. Answer the questions below using the tax rates in the table to the right. Tax Rate 10% 15% 25% 28% 33% 35% 39.6% Standard deduction Exemption (per person) Single up to $9325 up to $37,950 up to $91,900 up to $191,650 up to $416,70C up to $418,400 above $418,400 Rebecca and Roberto have adjusted gross incomes of $96,400 and $82,200, respectively. $6350 $12,700 $4050 $4050 Calculate their income tax if they delay their marriage until next year so they can file their tax retums as individuals at the single tax rate this year. Their income tax would be $ 30,928'. (Round to the nearest dollar as needed.) Calculate their income tax if they marry before the end of this year and file a joint return. Their income tax would be $31075. (Round to the nearest dollar as needed.)

Jun 02, 2022
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