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eBook Problem 3-39 (Algorithmic) (LO. 5, 6, 9) David and Ruby are engaged and plan to get married. During 2020, David is a full-time student

eBook Problem 3-39 (Algorithmic) (LO. 5, 6, 9) David and Ruby are engaged and plan to get married. During 2020, David is a full-time student and earns $6,700 from a part-time job. With this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year, Ruby is employed and has wages of $63,800. 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 nswer to nearest whole dollar. a. Compute the following: Gross income and AGI Standard deduction Taxable income Income tax Feedback David Ruby Filing Single Filing Single 6,700 63,800 12,400 12,400 0 51,400 0 X Check My Work If married individuals elect to file separate returns, each reports only his or her own income, exemptions, deductions, and credits, and each must use the Tax Rate Schedule applicable to married taxpayers filing separately. It is generally advantageous for married individuals to file a joint return, because the combined amount of tax is lower

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