Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4 points Raphael and Martina are engaged and are planning to travel to Las Vegas during the 2021 Christmas season and get married around
4 points Raphael and Martina are engaged and are planning to travel to Las Vegas during the 2021 Christmas season and get married around the end of the year. In 2021, Raphael expects to earn $45,700 and Martina expects to earn $16,400. Their employers have deducted the appropriate amount of withholding from their paychecks throughout the year. Neither Raphael nor Martina has any itemized deductions. They are trying to decide whether they should get married on December 31, 2021, or on January 1, 2022. What do you recommend? Use the appropriate Tax Tables. 00 eBook Print If Raphael and Martina get married in 2021 If Raphael and Martina get married in 2022 Recommendation: References Collective tax liability in 2021 45,000 45,000 45,050 5,654 5,005 5,654 5,119 45,050 45,100 5,665 5,011 5,665 5,125 45,100 45,150 5,676 5,017 5,676 5,131 45,150 45,200 5,687 5,023 5,687 5,137 45,200 45,250 5,698 5,029 5,698 5,143 45,250 45,300 5,709 5,035 5,709 5,149 45,300 45,350 5,720 5,041 5,720 5,155 45,350 45,400 5,731 5,047 5,731 5,161 45,400 45,450 5,742 5,053 5,742 5,167 45,450 45,500 5,753 5,059 5,753 5,173 45,500 45,550 5,764 5,065 5,764 5,179 45,550 45,600 5,775 5,071 5,775 5,185 45,600 45,650 5,786 5,077 5,786 5,191 45,650 45,700 5,797 5,083 5,797 5,197 45,700 45,750 5,808 5,089 5,808 5,203 45,750 45,800 5,819 5,095 5,819 5,209 45,800 45,850 5,830 5,101 5,830 5,215 45,850 45,900 5,841 5,107 5,841 5,221 45,900 45,950 5,852 5,113 5,852 5,227 45,950 46,000 5,863 5,119 5,863 5,233 16,000 16,000 16,050 1,724 1,603 1,724 1,639 16,050 16,100 1,730 1,608 1,730 1,645 16,100 16,150 1,736 1,613 1,736 1,651 16,150 16,200 1,742 1,618 1,742 1,657 16,200 16,250 1,748 1,623 1,748 1,663 16,250 16,300 1,754 1,628 1,754 1,669 16,300 16,350 1,760 1,633 1,760 1,675 16,350 16,400 1,766 1,638 1,766 1,681 16,400 16,450 1,772 1,643 1,772 1,687 16,450 16,500 1,778 1,648 1,778 1,693 16,500 16,550 1,784 1,653 1,784 1,699 16,550 16,600 1,790 1,658 1,790 1,705 16,600 16,650 1,796 1,663 1,796 1,711 16,650 16,700 1,802 1,668 1,802 1,717 16,700 16,750 1,808 1,673 1,808 1,723 16,750 16,800 1,814 1,678 1,814 1,729 16,800 16,850 1,820 1,683 1,820 1,735 16,850 16,900 1,826 1,688 1,826 1,741 16,900 16,950 1,832 1,693 1,832 1,747 16,950 17,000 1,838 1,698 1,838 1,753
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started