Bill and Mary plan to marry in December 2011. Bill\'s salary is $32,000 and he o
ID: 2679093 • Letter: B
Question
Bill and Mary plan to marry in December 2011. Bill's salary is $32,000 and he owns a residence. His itemized deductions total $12,000. Mary's salary is $39,000. Her itemized deductions total only $1,600 as she does not own a residence. Assume that 2012 tax rates, exemptions, and standard deductions are the same as 2011.A. What will their tax be if they marry before year-end and file a joint return?
B. What will their combined taxes be for the year if they delay the marriage until 2012?
C. What factors will contribute to the difference in the taxes?
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Explanation / Answer
[PDF] 2006 Publication 17 1/2, Oregon Individual Income Tax Guide www.oregon.gov/dor/pertax/docs/2010forms/101-431-10.pdf File Format: PDF/Adobe Acrobat There may have been law or rule changes after this publication was printed. ... can assist you with Oregon income tax law and policy questions only. ... Do not send an e-mail reply to a “Revenews” article, we will return it. .... different residency statuses . .... Self-employed health insurance deduction . ...... She did not have ...
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