Question
3. Alan and Josh are both single with no children. Eachearns $80,000 per year. A. Use the 2014 tax rates for single taxpayers to compute
3. Alan and Josh are both single with no children. Eachearns $80,000 per year. A. Use the 2014 tax rates for single taxpayers to compute how much income tax they owe. Assume that both take the standard deduction. B. Alan and Josh are given two options: take a 20% pre-tax raise or get married. Alan takes the 20% raise while Josh decides to get married. Assuming Joshs spouse makes no income, who made the more financially prudent decision?Continue using 2014 tax rates for single taxpayers and married couples filing jointly and assume the standard deductionis taken once again.
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