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Toby and Nancy are engaged and plan to get married. During 2 0 2 3 , Toby is a full - time student and earns
Toby and Nancy are engaged and plan to get married. During Toby is a fulltime student and earns $ from a parttime job. With Tax Rate Schedules
tableSingleSchedule XHead of householdSchedule ZtableIf taxableincome is:OvertableBut notoverThe tax is:tableof theamountovertableIf taxableincome is:OvertableBut notoverThe tax is:tableof theamountover$ $ $$$ $ $$tableMarried filing jointly or Qualifying widowerSchedule YMarried filing separatelySchedule YtableIf taxableincome is:OvertableBut notoverThe tax is:tableof theamountovertableIf taxableincome is:OvertableBut notoverThe tax is:tableof theamountover$ $ $$$ $ $$
this income, student loans, savings, and nontaxable scholarships, he is selfsupporting. For the year, Nancy 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:
b Assume that Toby and Nancy 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.
c How much income tax can Toby and Nancy save if they get married in and file a joint return?
$
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