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Gabriella and Roberto have adjusted gross incomes of $48,700 and $32,700, respectively. Assume that each...

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Gabriella and Roberto have adjusted gross incomes of $48,700 and $32,700, respectively. Assume that each person takes one exemption and the standard deduction. Answer parts (a) through (c) below. Tax Rate 10% 15% 25% Married Filing Single Jointly up to $8,925 up to $17,850 up to $36,250 up to $72,500 up to $87,850 up to $146,400 up to 28% $183,250 up to $223,050 $6100 $12,200 Standard Deduction Exemptions (per person) $3900 $3900 a. Calculate the tax owed by the couple if they delay their marriage until next year so they can each file a tax return at the single tax rate this year. The couple owes $ (Simplify your answer. Round to the nearest dollar as needed.) b. Calculate the tax owed by the couple if they marry before the end of the year and file a joint return. The couple owes $7 (Simplify your answer. Round to the nearest dollar as needed.) c. Does the couple face a "marriage penalty" if they marry before the end of the year? O Yes No Click to select your answer(s)

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