John Adams has a $50,000 adjusted gross income from Apple Corp. and allowable itemized deductions of $5000.
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John Adams has a $50,000 adjusted gross income from Apple Corp. and allowable itemized deductions of $5000. Mary Eve has a $45,000 adjusted gross in come and $2000 of allowable itemized deductions. Compute the total tax they would pay as unmarried individuals. Then compute their tax as a married couple filing a joint return. (Answers: $7618.50 + 6336 = $13,954.50; $15,562.50)
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