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4.E.61 Que: Consider the following couple, who are engaged to be married. Assume that each...

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4.E.61 Que: Consider the following couple, who are engaged to be married. Assume that each person takes one exemption and the standard deduction. Answer the questions below using the tax rates in the table to the right. Mia and Todd each have an adjusted gross income of $190,000 Tax Rate 110% 15% 25% 28% 33% 35% 39.6% Standard deduction Exemption (per person) Single up to $9325 up to $37,950 up to $91.900 up to $191,650 up to $416,700 up to $418,400 above $418,400 $6350 Married Filing Jointly up to $18,650 up to $75,900 up to $153,100 up to $233,350 up to $416,700 up to $470,700 above $470,700 $12.700 $4050 $4050 Calculate their income tax if they delay their marriage until next year so they can file their tax returns as individuals at the single tax rate this year. Their income tax would be $ 86,540 (Round to the nearest dollar as needed.) Calculate their income tax if they marry before the end of this year and file a joint return. Their income tax would be $ (Round to the nearest dollar as needed.)

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