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Ms. Gomez earned a $91,250 salary, and Mr. Hill earned a $171,000 salary. Neither individual had any other income, and neither can itemize deductions. Assume
Ms. Gomez earned a $91,250 salary, and Mr. Hill earned a $171,000 salary. Neither individual had any other income, and neither can itemize deductions. Assume the taxable year is 2021. Use Individual Tax Rate Schedules and Standard Deduction Table.
Required:
A. Compute Ms. Gomez and Mr. Hills combined tax if they file as single individuals.
B. Compute Ms. Gomez and Mr. Hills tax if they are married and file a joint return.
A.
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