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Assume that Chris and Heather get married in 2019 and file a joint return. What is their taxable income and income tax

User Brunilda
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Question Completion:

Chris and Heather are engaged and plan to get married. Chris is a full-time student and earns $8,500 from a part-time job. With this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year, Heather is employed and reports $83,600 in wages.

Answer:

Chris and Heather

Taxable income and income tax (jointly):

Gross income $92,100

Standard deduction 24,000

Taxable income $68,100

Income tax $14,982

Step-by-step explanation:

Chris' income = $8,500

Healther's wage= $83,600

Gross income = $92,100

Standard deduction (jointly) = $24,000

Income tax rate = 22%

Income tax (jointly) = 22% of $68,100 = $14,982

User Punjabi
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