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This Question: 1 pt 9 of 14 completo This QUIC 14 pis possi Kim and Kayne have been dating for years and are now thinking

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This Question: 1 pt 9 of 14 completo This QUIC 14 pis possi Kim and Kayne have been dating for years and are now thinking about getting married. As a financially sophisticated couple, they want to think through the tax implications of their potential union 1. Suppose Kim and Kanye both cam $69,000 (no their combined income is $138,000). Using the tax bracket information calculate the combined tax bill that they would pay if they remain single, and compare that to the wes they would pay they were married and filed and return S. Now suppose The Kim and Kanye both cam $100,000 (so their combined income is $200.000). Calculate the combined tax bill that they would pay they remain single, and compare that to the true that they would pay if they were married and filed a joint rolum c. What differences to you find in parts () and What is the cause of these differences? a. If om and Kayne remaining, the total bill will be $ (Round to the nearest cent) Kim and Kayne are manted and tied a joint retum, their total tax bill will be Round to the nearest cent) b. It aim and Kaye remain single, their total tax bill will be Round to the nearest cert) Kim and Kaye are marted and find a joint ratum, their total tax bill wil be. Round to the nearest cent) 6. What ifferences do you find in parts (a) and (by? What is the cause of these differences? (Select all that apply) Data Table DA Income levels that define the power bound of each tax bracket are not always wice as much for more cosas for single taxpayers. CB. in port b) Kim and Kanye pay a marriage pay because their combined taxes are higher when they are married than when they are single TABLE 1.2: Federal Income Tax Rates and Brackets for individual and Joint C. Income levels that are the per bound of each tasbracht we ways twice as much for married couples as for single taxpayers Returns (Due by April 15, 2015) Taxable income D. In parti. Kim and Kanye pay a marriage penalty because their combined we are higher when they are married than when they are single Tax Individual Returns Joint Retums 10.0% 50 to $8,075 50 10 518,150 150 39078 to $36.00 $18.151 to $73.800 25.0% $36.901 to $8.50 573.801 to $14,850 28. 58,3513180350 $145,851 to $228,850 330% $185.351 to $405,100 $225.851 to $405,100 3504 $405.101 to $406.750 5405, 101 to $457.000 30.0 Over $406.750 Over $457,600 Print Dene Chetot your S 3. 6 8

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