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  3. q1 answer options: $2,202.50 $2,005 $2,400 $1,975

Q1 Answer Options: $2,202.50 $2,005 $2,400 $1,975 Q2 Answer Options: $13,200 $6,805 $7,200...

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Question

Finance

Q1 Answer Options:
$2,202.50
$2,005
$2,400
$1,975
Q2 Answer Options:
$13,200
$6,805
$7,200
$8,990
Q3 Answer Options:
$17,600
$9,600
$13,390
$9,205
Q4 Answer Options:
tax
neutral tax system
subsidy
image
Sandy has $20,000 a year in taxable income and is considering marrying SpongeBob who has $60,000 a year in taxable income. Use the IRS tax table below to determine the tax implications of their union. 2020 Federal Income Tax Brackets and Rates for Single Filers, Married Couples Filing Jointly, and Heads of Households If Sandy remains single, she will pay in taxes on her $20,000 of taxable income. If SpongeBob remains single, he will pay in taxes on his $60,000 of taxable income. If they get married and both keep their jobs, they will pay in in taxes on their $80.000 of taxable income. Since their total single taxes add up to more than they pay as a married couple, they face a marriage They save $1,987.50 in taxes by getting married compared to the taxes they pay as two singles

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