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Chris and Heather are engaged and plan to get married. During 2022, Chris is a full-time student and earns $5,800 from a part-time job.
Chris and Heather are engaged and plan to get married. During 2022, Chris is a full-time student and earns $5,800 from a part-time job. With this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year, Heather is employed and has wages of $66,000. a. Compute the following: Gross income and AGI Standard deduction (single) Taxable income Income tax Chris Heather Filing Single Filing Single $ $ $ b. Assume that Chris and Heather get married in 2022 and file a joint return. What is their taxable income and income tax? Round your final answer to nearest whole dollar. Gross income and AGI Standard deduction (married, filing jointly) Taxable income Income tax Married Filing Jointly c. How much income tax can Chris and Heather save if they get married in 2022 and file a joint return?
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