Question

Mia and Todd have adjusted gross incomes of ​$46,700 and ​$32,600​ respectively. Assume that each person takes one exemption and the standard deduction.

Tax Rate	Single	Married Filing Jointly
​10%	up to​ $8,925	up to ​$17,850
​15%	up to​ $36,250	up to​ $72,500
​25%	up to​ $87,850	up to​ $146,400
​28%	up to​ $183,250	up to​ $223,050
Standard Deduction	​$6100	​$12,200
Exemptions​ (per person)	​$3900	​$3900

Answer parts ​(a) through ​(c) below.

Calculate the tax owed by the couple if they delay their marriage until next year so they can each file a tax return at the single tax rate this year.

The couple owes? ​(Simplify your answer. Round to the nearest dollar as​ needed.)

b. Calculate the tax owed by the couple if they marry before the end of the year and file a joint return.

The couple owes? ​(Simplify your answer. Round to the nearest dollar as​ needed.)

c. Does the couple face a​ "marriage penalty" if they marry before the end of the​ year? Yes or No

Answer 1