1) Ed and Wendy are a married couple with no children. Each earns $50,000 per year, and their combined household adjusted gross income is $100,000. John and Kristen are also a married couple and have $100,000 in combined household adjusted gross income and no children. However, Kristen earns all of the income; .Iohn does not work. a) b) d) fl 3) What is a marriage tax? When government is taxing on individual basis, compute tax burden of each individual, then add burdens together to get family's tax burden. Use table below to calculate the tax burden of each couple when taxing on an individual basis. Tax Rate For Single Filers For Married Individuals Filing Joint Returns 18% $8 to $11,888 $8 to $22,888 12% $11,000 to $44,725 $22,000 to $89,450 22% $44,725 to $95,375 $89,450 to $190,750 24% $95,375 to $182,100 $190,750 to $354,200 32% $182,188 to $231,258 $364,288 to $462,588 35% $231,250 to $578,125 $462,500 to $693,750 37% $578,125 or more $693,750 or more Now suppose the government wishes to tax on a family basis. Under this system, the government would first add incomes of individuals to get the family income and then compute family tax based on family income using the individual tax rate (for single filers in table above). Compute the tax burden of each family using this method. Compute the tax burden of each family filing joint returns. ls taxing on an individual basis horizontally equitable? Vertically equitable? (between couples and within couples) ls taxing on a family basis horizontally equitable? Vertically equitable? (between couples and within couples) Does allowing for the filing ofjoint returns alleviate horizontal or vertical equity concerns