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Preston and Anna are engaged and plan to get married. During 2022, Preston is a full-time student and earns $5,800 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 $5,800 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 $61,600.

Click here to access the standard deduction table to use. Click here to access the Tax Rate Schedules. If an amount is zero, enter, "0". Do not round your intermediate computations. Round your final answer to nearest whole dollar. a. Compute the following:

Preston Filing Single Anna Filing Single
Gross income and AGI $fill in the blank 132a1e0cdfe7f8c_1 $fill in the blank 132a1e0cdfe7f8c_2
Standard deduction (single) fill in the blank 132a1e0cdfe7f8c_3 fill in the blank 132a1e0cdfe7f8c_4
Taxable income $fill in the blank 132a1e0cdfe7f8c_5 $fill in the blank 132a1e0cdfe7f8c_6
Income tax $fill in the blank 132a1e0cdfe7f8c_7 $fill in the blank 132a1e0cdfe7f8c_8

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 Jointly
Gross income and AGI $fill in the blank 3177e0ffef9a03b_1
Standard deduction (married, filing jointly) fill in the blank 3177e0ffef9a03b_2
Taxable income $fill in the blank 3177e0ffef9a03b_3
Income tax $fill in the blank 3177e0ffef9a03b_4

c. How much income tax can Preston and Anna save if they get married in 2022 and file a joint return? $

Basic Standard Deduction Amounts

Filing Status 2021 2022
Single $12,550 $12,950
Married, filing jointly 25,100 25,900
Surviving spouse 25,100 25,900
Head of household 18,800 19,400
Married, filing separately 12,550 12,950

Amount of Each Additional Standard Deduction

Filing Status 2021 2022
Single $1,700 $1,750
Married, filing jointly 1,350 1,400
Surviving spouse 1,350 1,400
Head of household 1,700 1,750
Married, filing separately 1,350 1,400
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