Sally and Jim are married and have taxable income in 2017 of $160,000. If they could file

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Sally and Jim are married and have taxable income in 2017 of $160,000. If they could file their income tax as single individuals, each of them would have taxable income of $80,000.

Do they have a marriage penalty when they file their joint return?

If so, what is the amount of the penalty?

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Taxation For Decision Makers 2018

ISBN: 9781119373735

8th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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Question Posted: Mar 15, 2024 03:02 AM

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Sally and Jim are married and have taxable income in 2017 of $160,000. If they could file

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To determine if Sally and Jim face a marriage penalty when filing their joint return we need to comp...View the full answer

Taxation For Decision Makers 2018

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