Problem 3-39 (Algorithmic) (LO. 5, 6, 9)

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Chris and Heather are engaged and plan to get married. During 2020, Chris is a full-time student and earns $7,600 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 has wages of $79,200.

Click here to access the standard deduction table to use. Click here to access the Tax Rate Schedules. If an amount is zero, enter, "0". Do not round your intermediate computations. Round your final answer to nearest whole dollar. a. Compute the following:

	Chris Filing Single		Heather Filing Single
Gross income and AGI	$fill in the blank		$fill in the blank
Standard deduction	fill in the blank		fill in the blank
Taxable income	$fill in the blank		$fill in the blank
Income tax	$fill in the blank		$fill in the blank

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If married individuals elect to file separate returns, each reports only his or her own income, exemptions, deductions, and credits, and each must use the Tax Rate Schedule applicable to married taxpayers filing separately. It is generally advantageous for married individuals to file a joint return, because the combined amount of tax is lower.

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b. Assume that Chris and Heather get married in 2020 and file a joint return. What is their taxable income and income tax? Round your final answer to nearest whole dollar.

	Married Filing Jointly
Gross income and AGI	$fill in the blank
Standard deduction	fill in the blank
Taxable income	$fill in the blank
Income tax	$fill in the blank

c. How much income tax can Chris and Heather save if they get married in 2020 and file a joint return? $fill in the blank