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Consider the following couple, who are engaged to be married. Assume that each person takes one exemption and the standard deduction. Answer the questions below

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Consider the following couple, who are engaged to be married. Assume that each person takes one exemption and the standard deduction. Answer the questions below using the tax rates in the table to the right Rebecca and Todd have adjusted gross incomes of $96,300 and $82,600, respectively. Tax Rate 10% 15% 25% 28% 33% 35% 39.6% Standard deduction Exemption (per person Single up to $9325 up to $37.950 up to $91,900 up to $191,650 up to $416,700 up to $418.400 above $418,400 $6350 Married Filing Jointly up to $18.650 up to $75.900 up to $153,100 up to $233 350 up to $416,700 up to $470,700 above $470.700 $12,700 $4050 $4050 Calculate their income tax if they delay their marriage until next year so they can file their tax returns as individuals at the single tax rate this year. Their income tax would be s (Round to the nearest dollar as needed.)

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