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Preston and Anna are engaged and plan to get married. During 2 0 2 3 , Preston is a full - time student and earns
Preston and Anna are engaged and plan to get married. During Preston is a fulltime student and earns $ from a parttime job. With this income, student loans, savings, and nontaxable scholarships, he is selfsupporting. For the year, Anna is employed and has wages of $
Click here to access the standard deduction table to use. Click here to access the Tax Rate Schedules. If an amount is zero, enter, Do not round your intermediate computations. Round your final answer to the nearest whole dollar.
a Compute the following:
Preston
Filing Single
Anna
Filing Single
Gross income and AGI
$
$
Standard deduction single
Taxable income
$
$
Income tax
$
$
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b Assume that Preston and Anna get married in and file a joint return. What is their taxable income and income tax? Round your final answer to the nearest whole dollar.
Married
Filing Jointly
Gross 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 and file a joint return?
$
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