In 2019, Jasmine and Thomas, a married couple, had taxable income of $150,000. If they were to
Question:
In 2019, Jasmine and Thomas, a married couple, had taxable income of $150,000. If they were to file separate tax returns, Jasmine would have reported taxable income of $140,000 and Thomas would have reported taxable income of $10,000. What is the couple’s marriage penalty or benefit?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
McGraw Hills Essentials Of Federal Taxation 2020 Edition
ISBN: 9781260433128
11th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Question Posted:
Students also viewed these Business questions
-
In 2015, Jasmine and Thomas, a married couple, have taxable income of $150,000. If they were to file separate tax returns, Jasmine would have reported taxable income of $140,000 and Thomas would have...
-
Consider a right-tailed test (upper tail) and a sample size of 40 at the 95% confidence level. The value of t is ________. a. +2.023 b. -2.023 c. -1.685 d. +1.685
-
In 2017, Lisa and Fred, a married couple, have taxable income of $300,000. If they were to file separate tax returns, Lisa would have reported taxable income of $125,000 and Fred would have reported...
-
You work for North Carolina Parks and Recreation. Do you support or oppose the idea to unionize federal and state employees? Explain your thoughts below.
-
Geologists have learned of periods in the past when the Strait of Gibraltar closed off, and the Mediterranean Sea dried out and become a desert. Later, when the strait reopened, a massive saltwater...
-
Add to your Rayleigh line of Prob. 9.110 a Fanno line (see Prob. 9.94) for stagnation enthalpy equal to the value associated with state 1 in Prob. 9.110. The two curves will intersect at state 1,...
-
What does argv provide to our program?
-
Linda Stanley is the Vice President for Computing and Information Services at State University (SU), a large, urban university that has experienced a 3% growth in enrollments every year for more than...
-
3. 1. Find the volume of the figures below. 2. Answer: Answer: 8.5 ft 4 ft. 2.5 ft. 7 cm. 14 cm. 6 cm. 4. 12 in 4 in. Answer: 9 in. Juice Answer: 6.5 in. 3 in. 2.5 in. 5 in.. 3 in.
-
Lacy is a single taxpayer. In 2019, her taxable income is $40,000. What is her tax liability in each of the following alternative situations? a. All of her income is salary from her employer. b. Her...
-
In 2019, Lisa and Fred, a married couple, had taxable income of $300,000. If they were to file separate tax returns, Lisa would have reported taxable income of $125,000 and Fred would have reported...
-
Shoppers bought strawberries in March for $1.25 a pound rather than the $3.49 a pound they paid last year. With the price so low, some growers plowed over their strawberry plants to make way for...
-
The picture below is the top view of a ball on a table being twirled clockwise in a horizontal circle. The ball is speeding up. Choose the arrows that best represent the direction of the velocity,...
-
An elevator slows to a stop, Which method below would not be a correct way to calculate the tension force that the cable exerts on the elevator? Find the work that the rope tension force exerts on...
-
13. 12800 g of chemical solvent is poured into the storage tank. At a depth of 12.5 m the pressure at the bottom of the storage tank due to this solvent was 306 kPa. Calculate the total volume of the...
-
17. Santa is standing on an icy (frictionless) roof that has a 37 angle. If he slips when he is 15 m from the edge, how long does it take for him to fall off the roof? a) At = 2.3 s b) At = 5.1 s c)...
-
we derived the wavefunction solutions for an infinite potential well located between 0 x a. By applying the appropriate continuity boundary conditions, the wavefunction simplified to a simple sine...
-
(a) y = x 6 / x + 6 (b) y = x + x2/x 1 (c) y = 10x (d) y = x10 (e) y = 2t6 + t3 (f) y = cos + sin
-
Using the parallel-axis theorem, determine the product of inertia of the area shown with respect to the centroidal x and y axes. 6 in. 9 in. 9 in- 4.5 in. in. 4.5 in.
-
Explain the argument that the deductions for charitable contributions and home mortgage interest represent indirect subsidies for these activities.
-
Explain the argument that the deductions for charitable contributions and home mortgage interest represent indirect subsidies for these activities.
-
Cash donations to charity are subject to a number of very specific substantiation requirements. Describe these requirements and how charitable gifts can be substantiated. Describe the substantiation...
-
Ascension Health is the largest non-profit health system in the United States. In contrast, Hospital Corporation of America (HCA) is the largest for-profit health system in the United States. Review...
-
How would you define the words "debit" and "credit". There are six "Categories" of accounts. List each category and the side of the T account that you would use to increase that account.
-
Sales Sales Revenue Less : Sales Returns and Allowances Net Sales Cost of Goods Sold Gross Profit Operating Expenses Salaries and Wages Expense Depreciation Expense A 8196 276 460 90 GA $ SUF
Study smarter with the SolutionInn App