Roy and Brandi are engaged and plan to get married. During 2018, Roy is a full-t
ID: 2336295 • Letter: R
Question
Roy and Brandi are engaged and plan to get married. During 2018, Roy is a full-time student and earns $9,000 from a part-time job. With this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year, Brandi is employed and has wages of $61,000. How much income tax, if any, can Brandi save if she and Roy marry in 2018 and file a joint return?
(tax rate schedule 2018:1,905.00+12% for married filing jointly {over 19,050 but not over 77,400} and 4453.50+22% for single {over 38,700 but not over 82,500})
additionally; {over 0 but not over 9,525} the tax is 10% for single, and {over 0 but not over 19,050} the tax is 10% for married filiing joiintly,
Explanation / Answer
If Brandi file single return Gross Income $61,000 Less: Standard deduction $12,000 Taxable Income $49,000 Tax on income upto $38700 $4,453.50 Tax on remaining $10299 (49000-38701)@22% $2,265.78 Total Tax payable $6,719.28 If Brandi files joint return Gross income of Brandi $61,000 Gross income of Roy $9,000 Total joint income $70,000 Less: Standard deduction $24,000 Taxable income $46,000 Tax on income upto $19050 $1,905 Tax on remaining $26949 (46000-19051)@12% $3,234 Total tax payable $5,139 Tax payable as single filer $6,719 Tax payable as joint filer $5,139 Tax saved $1,580
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