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eBook Problem 3-42 (Algorithmic) (LO. 5, 6, 9) Preston and Anna are engaged and plan to get married. During 2021, Preston is a full-time student

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eBook Problem 3-42 (Algorithmic) (LO. 5, 6, 9) Preston and Anna are engaged and plan to get married. During 2021, Preston is a full-time student and earns $7.600 from a part-time job. With this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year. Anna is employed and has wages of $70,400 Click here to access the standard deduction table to use. Click here to access the Tax Rate Schedules. If an amount is zero, enter, "O". Do not round your intermediate computations. Round your final answer to nearest whole doltar. a. Compute the following: Preston Filing Single Anna Filing Single Gross income and AGI Standard deduction (single) Taxable income Income tax b. Assume that Preston and Anna martied in 2021 and file Joint return. What is their taxable income and income tax Round your final answer to nearest whole dollar Married Filing Jointly Go income and A Standard deduction married, no Joel) The Income Income a with income tax can rest and save if they get married and futur eBook Preston and Anna are engaged and plan to get married. During 2021, Preston is a full-time student and earns $7,600 from a part-time job. with this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year, Anna is employed and has wages of 570,400 Click here to access the standard deduction table to use. Click here to access the Tax Rate Schedules. If an amount is zero, enter, "o". Do not round your intermediate computations, Round your final answer to nearest whole dollar. a. Compute the following: Preston Filing Single Anna Filing Single Gross income and AGI Standard deduction (single) Taxable income Income tax b. Assume that Preston and Anna get married in 2021 and file a joint return What is their taxable income and income tax? Round your final answer to nearest whole dollar. Married Filing Jointly Gross income and AG Standard deduction (married, filling Joint Taxable income Income How much income tax can Prett and Anna save if they out married in 2021 and le a joint return

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