Question
Preston and Anna are engaged and plan to get married. During 2022, Preston is a full-time student and earns $9,400 from a part-time job. With
Preston and Anna are engaged and plan to get married. During 2022, Preston is a full-time student and earns $9,400 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 $63,800.
a. Compute the following:
Preston Filing SingleAnna Filing SingleGross income and AGI$$Standard deduction (single)Taxable income$$Income tax$$Question Content Area
b. Assume that Preston and Anna get married in 2022 and file a joint return. What is their taxable income and income tax? Round your final answer to nearest whole dollar.
Married Filing JointlyGross income and AGI$
Standard deduction (married, filing jointly)Taxable income$Income tax$
c. How much income tax can Preston and Anna save if they get married in 2022 and file a joint return? $
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