Raphael and Martina are engaged and are planning to travel to Las Vegas during the $2022$ Christmas season and get married around the end of the year. In $2022,$ Raphael expects to earn $$45,300$ and Martina expects to earn $$15,600.$ Their employers have deducted the appropriate amount of withholding from their paychecks throughout the year. Neither Raphael nor Martina has any itemized deductions.

Required:

They are trying to decide whether they should get married on December $31,2022,$ or on January $1,2023.$ What do you recommend? Use the appropriate Tax Tables.

Answer rating: 100% (QA)

To determine the optimal date for Raphael and Martinas wedding we need to consider the tax implications for the two different tax years 2022 and 2023 ... View the full answer