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  3. gabriella and steve have adjusted gross incomes of

Gabriella and Steve have adjusted gross incomes of ?$47 comma 200 and ?$32 comma 700?, respectively....

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Advance Math

Gabriella and Steve have adjusted gross incomes of ?$47 comma200 and ?$32 comma 700?, respectively. Assume that each persontakes one exemption and the standard deduction. Answer parts ?(a)through ?(c) below.

Tax Rate

Single

Married Filing Jointly

?10%

up to? $8,925

up to ?$17,850

?15%

up to? $36,250

up to? $72,500

?25%

up to? $87,850

up to? $146,400

?28%

up to? $183,250

up to? $223,050

Standard Deduction

?$6100

?$12,200

Exemptions? (per person)

?$3900

?$3900

a. Calculate the tax owed by the couple if they delay theirmarriage until next year so they can each file a tax return at thesingle 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 theend of the year and file a joint return.

The couple owes____________

?(Simplify your answer. Round to the nearest dollar as?needed.)

c. Does the couple face a? "marriage penalty" if they marrybefore the end of the? year?

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