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Marco and Lila have incomes of $264,000 and $175,000 respectively in 2018. Each of them has made contributions to the Ovarian Cancer Institute (the highest
Marco and Lila have incomes of $264,000 and $175,000 respectively in 2018. Each of them has made contributions to the Ovarian Cancer Institute (the highest federal tax bracket for 2018 started at an income of $205,842). The contributions were as follow:
Marco = $37,000
Lila = $33,000
Calculate the optimized tax credit that would result for the couple.
Question 2 options:
$21,658 | |
$22,598 | |
$22,785 | |
$22,997 |
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