Bill and Mary plan to marry in December 2019. Bill's salary is $105,000 and he owns his
Question:
Bill and Mary plan to marry in December 2019. Bill's salary is $105,000 and he owns his residence. His itemized deductions total St 9,000. Mary's salary is $86,000. Her itemized deductions total only $8,100 as she does not own her residence.
a. What will their 2019 tax be if they marry before year-end and file a joint return?
b. What will their combined 2019 taxes be if they delay the marriage until 2020?
c. What factors contribute to the difference in taxes?
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a Adjusted gross income 105000 86000 191000 Minus Itemized deductions 19000 8100 27100 Taxable incom...View the full answer
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Related Book For 
Federal Taxation 2020 Comprehensive
ISBN: 9780135196274
33rd Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S. Hulse
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