Problem 3-46 (Algorithmic) (LO. 5, 6,9) Preston and Anna are engaged and plan to get married. During 2017, Preston is a full-time student and earns $6,700 from a part-time job. With this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year, Anna is employed and reports $74,600 in wages. The personal exemption amount for 2017 is $4,050. 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: Preston Filing Single Anna Filing Single Gross income and AGI 6,700 74,600 Standard deduction 6,350 6,350 Personal exemption 4,050 4,050 Taxable income 64,200 Income tax 7,870 b. Assume that Preston and Anna get married in 2017 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 $ 81,300 Standard deduction 12,700 Personal exemptions 8,100 Taxable income 60,500 Income tax 6,558 x c. How much Federal income tax can Preston and Anna save if they get married in 2017 and file a joint return? $ 1,312 x