A "marriage penalty" most typically results when: both spouses are employed and each spouse earns a high sal both spouses are emplovod ar

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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QUESTION 36
A "marriage penalty" most typically results when:
both spouses are employed and each spouse earns a high salary.
both spouses are employed and each spouse earns a low salary.
only one spouse is employed and earns a high salary.
only one spouse is employed and earns a low salary.
QUESTION 37
5) Dana earned the following investment income during the current year:
Interest income on savings account held with a local bank
Qualified dividend income
Interest income on State of Califomia bonds
Interest income on Rome, Italy bonds
S 300
2,200
1,800
600
Dana's adjusted gross income is:
$900.
$2,500.
$3,100.
$4,300.
none of the above.
Transcribed Image Text:QUESTION 36 A "marriage penalty" most typically results when: both spouses are employed and each spouse earns a high salary. both spouses are employed and each spouse earns a low salary. only one spouse is employed and earns a high salary. only one spouse is employed and earns a low salary. QUESTION 37 5) Dana earned the following investment income during the current year: Interest income on savings account held with a local bank Qualified dividend income Interest income on State of Califomia bonds Interest income on Rome, Italy bonds S 300 2,200 1,800 600 Dana's adjusted gross income is: $900. $2,500. $3,100. $4,300. none of the above.
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