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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 Roberto have adjusted gross incomes of $96,100 and $82,300, 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 S12,700 S4050 $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.) Calculate their income tax if they marry before the end of this year and file a joint return Their income tax would be s Dund ta thn narart dallar Click to select your answer(s). M PUIVIT LURUU UUUU UU below using the tax rates in the table to the right ILI Answer the questions Rebecca and Roberto have adjusted gross incomes of $96,100 and $82,300 respectively lax Rale Single 10% up to $9325 15% up to $37.950 25% up to $91,900 28% up to $191,650 33% up to $416,700 35% up to $418,400 39.6% above $418,400 Standard 56350 deduction Exemption per person) on) $4050 L 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 Their income tax would be s (Round to the nearest dollar as needed.) Does the couple face a marriage penalty if they marry before the end of the year? (Married rates apply for the entire year, regardless of when during the year the marriage took place.) Choose the correct answer below. O A. No, they do not as the amount they would pay as a couple is more than the amount they would owe by filing at a single tax rate. Van the Click to select your answer(s). person takes one exemption and the standard deduction Answer the questions below using the tax rates in the table to the right. Rebecca and Roberto have adjusted gross incomes of $96,100 and $82,300, respectively Tax Rate 10% 15% 25% 28% 33% 35% 39.6% Standard deduction Exemption Kper 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 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 S4050 S4050 marriage took place.) Choose the correct answer below. O A. No, they do not, as the amount they would pay as a couple is more than the amount they would owe by filing at a single tax rate. OB. Yes, they do, as the amount they would pay as a couple is more than the amount they would owe by filing at a single tax rate. O C. No, they do not, as the amount they would pay as a couple is less than the amount they would owe by filing at a single tax rate. O D. Yes, they do, as the amount they would pay as a couple is less than the amount they would owe by filing at a single tax rate. Click to select your answer(s)

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