Question
Compute the taxable income and tax for Apple and Birch for 2022. Show the math computations used. Simple numbers without computation will get no credit.
Compute the taxable income and tax for Apple and Birch for 2022. Show the math computations used. Simple numbers without computation will get no credit.
Apple and Birch are residents of new your and live in the same residence since 2019.
Apple has a 15-year-old child from a prior relationship that lives with grandparents. Apple is sending the grandparent $150 each month. Apples brother was fired from his job in December 2021 and Apple has been paying his rent and allowing brother to use Apples credit card for food and necessary expenses. Brother has been looking for a new job but has not found one yet.
Birch has a 10-year-old child that lives in the same residence as Apple and Birch. Apple and birch both deposit their paychecks into a single account and use that to pay the expenses for themselves and the child that lives with them.
Situation 1:
Apple Birch
Wages 185,000 165,000
Itemized deductions 32,000 11,000
Situation 2
Apple Birch
Wages 185,000 28,000
Itemized deductions 32,000 11,000
Problem 2: Income as shown in situation 1 but Apple and Birch were married on December 28, 2022
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