Mr. Mason's salary was $397,000, and Mrs. Mason's salary was $344,000. They had no other income items, no above-the-line or itemized deductions, and no dependents. Assume the taxable year is 2021. Use Individual Tax Rate Schedules and Standard Deduction Table. Required: a. Compute their tax on a joint return. b. Compute their combined tax if they file separate returns (married filing separately). c. Compute their marriage penalty (excess of tax on a joint return over combined tax on two returns filed as single taxpayers). Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute their tax on a joint return. (Round your answer to the nearest whole dollar amount.) a Income tax $ 201,406 Required A Required B > Required A Required B Required C Compute their combined tax if they file separate returns (married filing separately). (Round your answers to the nearest whole dollar amount.) Mr. Mason's tax Mrs. Mason's tax Combined tax Amount $ 110,508 $ 90,898 $ 201,406 Required A Required B Required c Compute their marriage penalty (excess of tax on a joint return over combined tax on two returns filed as single taxpayers). (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Amount Mr. Mason's tax if single Mrs. Mason's tax if single Combined tax if single Combined tax from joint return Marriage penalty $ 0 $ 201,406 Individual Tax Rate Schedules Married Filing Jointly and Surviving Spouse If taxable income is Not over $19,900 Over $19.900 but not over $81,050 Over $81,050 but not over $172,750 Over $172.750 but not over $329,850 Over $329,850 but not over $418,850 Over S418.850 but not over $628,300 Over $628,300 The tax is 10% of taxable inca ncome $1.990.00 + 12% of excess over $19,900 $9,328.00 + 22% of excess over $81,050 $29,502.00 +24% of excess over $172.750 $67,206.00 + 32% of excess over $329,850 $95.686.00 + 35% of excess over $418.850 $168.993.50 +37% of excess over $628,300 Married Filing Separately If taxable income is Not over $9,950 Over $9.950 but not over $40,525 Over $40.525 but not over $86,375 Over $86,375 but not over $164.925 Over $164.925 but not over $209,425 Over $209,425 but not over $314.150 Over $314.150 The tax is 10% of taxable income $995.00 + 12% of excess over $9,950 $4.664.00 +22% of excess over $40,525 $14.751.00 +24% of excess over $86,375 $33.603.00 +32% of excess over $164.925 $47,843.00 + 35% of excess over $209,425 $84,496.75 +37% of excess over $314,150 - Head of Household If taxable income is Not over $14,200 Over $14.200 but not over $54,200 Over $54,200 but not over $86,350 Over $86,350 but not over $164.900 Over $164.900 but not over $209,400 Over $209.400 but not over $523,600 Over $523,600 The tax is 10% of taxable income $1,420.00 + 12% of excess over $14.200 S6.220.00 + 22% of excess over $54,200 $13,293.00 +24% of excess over $86,350 $32.145.00 + 32% of excess over $164.900 $46,385.00 + 35% of excess over $209,400 $156,355.00 + 37% of excess over $523,600 Single If taxable income is Not over $9.950 Over $9.950 but not over $40,525 Over $40.525 but not over $86,375 Over $86,375 but not over $164.925 Over $164.925 but not over $209,450 Over $209,450 but not over $523,600 Over $523,600 The tax is 10% of taxable income $995.00 + 12% of excess over $9.950 $4.664.00 + 22% of excess over $40.525 $14.751.00 + 24% of excess over $86,375 $33,603.00 +32% of excess over $164.925 $47,843.00 + 35% of excess over $209,425 $157,804.25 +37% of excess over S523.600 Married filing jointly and surviving spouses Married filing separately Head of household Single $25.100 12.550 18.800 12.550