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14 Consider the following couple, who are engaged to be married. Assume that each person takes Married Filing one exemption and the standard deduction. Answer

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Consider the following couple, who are engaged to be married. Assume that each person takes Married Filing one exemption and the standard deduction. Answer the questions below using the tax rates in Tax Rate Single Jointly the table to the right. 10% up to $9325 up to $18,650 15% up to $37,950 up to $75,900 Mia and Michael have adjusted gross incomes of $96,800 and $82,600, respectively. 25% up to $91,900 up to $153, 100 28% up to $191,650 up to $233,350 33% up to $416,700 up to $416,700 35% up to $418,400 up to $470,700 39.6% above $418,400 above $470,700 Standard deduction $6350 $12,700 Exemption $4050 $4050 (per person) Calculate their income tax if they delay their marriage until next year so they can file their tax returns as individuals at the single tax rate this year. Their income tax would be $ (Round to the nearest dollar as needed.)

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