Toby and Nancy are engaged and plan to get married. During 2021, Toby 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, Nancy is employed and has wages of $81,400. 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: Gros Income and AGI Standard deduction (single) Taxable income Income tax Toby Filing Single Nancy Filing Single 5,800 V 81,400 12,550 12,550 0 68,850 0 0x Feedback Check My Work If married individuals elect to file separate returns, each reports only his or her own income, exemptions, deductions, and credits, and each r use the Tax Rate Schedule applicable to married taxpayers filing separately. It is generally advantageous for married individuals to file a joint return, because the combined amount of tax is lower. b. Assume that Toby and Nancy get married in 2021 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 87,200 Standard deduction (married, filing jointly) 25,100 Taxable income 0 X Income tax 0 X c. How much income tax can Toby and Nancy save if they get married in 2021 and file a joint return? 2,397.50 X