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Ed and Wendy are a married couple with no children. Each earns $75,000 per year, and their combined household adjusted gross income is $150,000. John

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Ed and Wendy are a married couple with no children. Each earns $75,000 per year, and their combined household adjusted gross income is $150,000. John and Kristen also have $150,000 in combined household adjusted gross income and no children. However, Kristen earns all the income and John does not work. Finally, the standard deduction for married couples filing jointly is $24,000 and the standard deduction for a single taxpayer is $12,000. (Hint: To answer this question, you will need to use the 2018 Tax Rate Schedules attached at the end of this document. Notice this is a different "version" of figure 3 from class slides \#13). a. Use the 2018 tax rates for married couples filing jointly to compute how much income tax each couple owes. Assume that both take the standard deduction. b. Does either couple pay a "marriage tax"? Does either couple receive a "marriage benefit"? Schedule X-If your filing status is Single Schedule Y-1-If your filing status is Married filing jointly or Qualifying widow(er) Schedule Y-2-If your filing status is Married filing separately Schedule Z-If your filing status is Head of household

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