3 Consider the following 2 couples who are considering whether to get married (or live together). Among other issues, they are considering the tax ramifications of marriage. Use the spreadsheet Income Tax Examples.xls (Canvas Files/Assignments) to calculate their taxes Couple A (Janet and Bob): Janet earns $120,000 pays $10,000 in state and local taxes and contribute $2,000 to charity. Bob earns $80,000 pays $8,000 in state and local taxes and contnibutes $1,500 to charity. As well, they own use on which they pay mortgage interest of $10,000 a year Who should be the official owner of the house (and itemize the mortgage interest) if they file separately? Taxes in 2017: Filing Single: Janet Bob Total Married Taxes in 2018: Filing Single: Janet Bob Total Married b) Couple B (Jack and Jill): Jill earns $170,000 pays $15,000 in state and local taxes and contnbute $3,000 to charity Bob earns $30,000 pays $3,000 in state and local taxes and contributes $1,500 to chanity. As well, they own a house on which they pay mortgage interest of $10,000 a year. i Who should be the official owner of the house (and itemize the mortgage interest) if they file separately? Taxes in 2017: Filing Single: Janet Taxes in 2018: Filing Single: Janet Total Married Bob Total Married