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Chris and Heather are engaged and plan to get married. During 2022, Chris is a full-time student and earns $9,400 from a part-time job. With
Chris and Heather are engaged and plan to get married. During 2022, Chris is a full-time student and earns $9,400 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 $88,000.
Click here to access the standard deduction table to use. Click here to access the Tax Rate Schedules. If an amount is zero, enter, "0". Do not round your intermediate computations. Round your final answer to nearest whole dollar.
a. Compute the following: 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. c. How much income tax can Chris and Heather save if they get married in 2022 and file a joint return? 2022 Tax Rate SchedulesStep by Step Solution
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