Chris and Heather are engaged and plan to get married. During 2020, Chris is a full-time student and earns $8,500 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 $83,600.

	Chris	Heather
	Filing Single	Filing Single
Gross Income and AGI	8500	83600
Standard Deduction	12400	12400
Taxable Income	0	71200
Income Tax	0	11454

b. Assume that Chris and Heather get married in 2020 and file a joint return. What is their taxable income and income tax? Round your final answer to nearest whole dollar.

	Heather
	Filing Jointly
Gross Income & AGI	92,100
Standard Deduction	24,800
Taxable Income	67,300
Income Tax	???

c. How much income tax can Chris and Heather save if they get married in 2020 and file a joint return? _______

2020 Tax Rate Schedules Single-Schedule X If taxable But not income is: Over- of the amount over- over- The tax is: $ 0 $ 9,875 .........10% 9,875 40,125 $ 987.50 +12% 9,875 40,125 85,525 4,617.50 +22% 40,125 85,525 163,300 14,605.50 +24% 85,525 163,300 207,350 33,271.50 + 32% 163,300 207,350 518,400 47,367.50+ 35% 207,350 518,400 156,235.00 +37% 518,400 Married filing jointly or Qualifying widow(er)- Schedule Y-1 If taxable income is: But not of the amount over- Over- over- The tax is: $ 0 $ 19,750 .........10% 0 19,750 80,250 $ 1,975.00 + 12% 19,750 80,250 171,050 9,235.00 +22% 80,250 171,050 326,600 29,211.00 +24% 171,050 326,600 414,700 66,543.00 +32% 326,600 414,700 622,050 94,735.00 + 35% 414,700 622,050 167,307.50 + 37% 622,050 $ $ Head of household-Schedule Z If taxable income is: Over- But not over- The tax is: $ 0 $ 14,100 .10% 14,100 53,700 $ 1,410.00 + 12% 53,700 85,500 6,162.00 +22% 85,500 163,300 13,158.00 +24% 163,300 207,350 31,830.00 + 32% 207,350 518,400 45,926.00 + 35% 518,400 154,793.50 + 37% Married filing separately-Schedule Y-2 If taxable But not income is: Over- over- The tax is: $ 0 $ 9,875 9,875 40,125 .........10% 987.50 +12% 4,617.50 +22% 40,125 85,525 85,525 163,300 14,605.50 +24% 163,300 207,350 33,271.50 + 32% 207,350 311,025 47,367.50 + 35% 311,025 83,653.75 + 37% $ of the amount over- $ 0 14,100 53,700 85,500 163,300 207,350 518,400 of the amount over- 0 9,875 40,125 85,525 163,300 207,350 311,025 $ Standard Deduction Single Head of Household Married Filing Jointly Married filing Separately Dependents (kiddie tax) 65 or Blind: Married Single Tax Year 2020 $12,400 $18,650 $24,800 $12,400 $1,100 Add $1,300 Add $1,650 Tax Year 2019 $12,200 $18,350 $24,400 $12,200 $1,100 Add $1,300 Add $1,650