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3 . 2 Julian Thomas: Waiter or Tax Expert? Julian Thomas, who is single, goes to graduate school part - time and works as a
Julian Thomas: Waiter or Tax Expert?
Julian Thomas, who is single, goes to graduate school parttime and works as a waiter at the Bay Grill in San Francisco. During his gross income was $ in wages and tips. He has decided to prepare his own tax return because he cannot afford the services of a tax expert. After preparing his return, he comes to you for advice. Here's a summary of the figures that he has prepared thus far:
tableGross income
wages
tips
Adjusted gross income AGI
Less: Standard dedution
Taxable income
julian believe that if an individual s income falls below the federal government considered him or her poor and allows both itemized deductions and a standard deduction. He has found in potential itemized deductions
Critical Thinking Questions
Calculate Julian Thomas' taxable income.
Discuss Julian's errors in interpreting the tax laws, and explain the difference between itemzed deductions and the standard deduction.
Julian has been dating Elizabeth Moore for nearly years, and they are seriously thinking about getting married. Elizabeth has income that is identical to Julian's. How much tax would they pav as a married couple using the filing status of married filing jointly and a standard deduction of $ versus the total amount the two would pay as single persons each using the filing status of single Strictly from a tax perspective, does it make any difference whether Julian and Elizabeth stay single or get married? Explain.
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