Brodie and Martha plan to marry in December 2021. Brodie's salary is $60,000 and he owns his residence. His itemized deductions total $16,550 ($6,100 of which are charitable contributions). Martha's salary is $89,000. Her itemized deductions total only $10,800 (none of which are charitable contributions) as she does not own her residen (Click the icon to view the standard deduction amounts.) (Click the icon to view the 2021 tax rate schedule for the Married filing jointly filing status.) (Click the icon to view the 2021 tax rate schedule for the Single filing status.) Read the requirements.

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter2: Working With The Tax Law
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Brodie and Martha plan to marry in December 2021. Brodie's salary is $60,000 and he owns his residence. His itemized deductions total $16,550 ($6,100 of which are
charitable contributions). Martha's salary is $89,000. Her itemized deductions total only $10,800 (none of which are charitable contributions) as she does not own her residence.
(Click the icon to view the standard deduction amounts.)
(Click the icon to view the 2021 tax rate schedule for the Married filing jointly filing status.)
(Click the icon to view the 2021 tax rate schedule for the Single filing status.)
Read the requirements.
Requirement a. What will their 2021 tax be if they marry before year-end and file a joint return?
Taxable income
Requirements
a.
What will their 2021 tax be if they marry before year-end and file a
joint return?
b.
What will their combined 2021 taxes be if they delay the marriage until 2022?
c. What factors contribute to the difference in taxes?
· X
Transcribed Image Text:Brodie and Martha plan to marry in December 2021. Brodie's salary is $60,000 and he owns his residence. His itemized deductions total $16,550 ($6,100 of which are charitable contributions). Martha's salary is $89,000. Her itemized deductions total only $10,800 (none of which are charitable contributions) as she does not own her residence. (Click the icon to view the standard deduction amounts.) (Click the icon to view the 2021 tax rate schedule for the Married filing jointly filing status.) (Click the icon to view the 2021 tax rate schedule for the Single filing status.) Read the requirements. Requirement a. What will their 2021 tax be if they marry before year-end and file a joint return? Taxable income Requirements a. What will their 2021 tax be if they marry before year-end and file a joint return? b. What will their combined 2021 taxes be if they delay the marriage until 2022? c. What factors contribute to the difference in taxes? · X
Brodie and Martha plan to marry in December 2021. Brodie's salary is $60,000 and he owns his residence. His itemized deductions total $16,550 ($6,100 of which are
charitable contributions). Martha's salary is $89,000. Her itemized deductions total only $10,800 (none of which are charitable contributions) as she does not own her residence.
(Click the icon to view the standard deduction amounts.)
(Click the icon to view the 2021 tax rate schedule for the Married filing jointly filing status.)
(Click the icon to view the 2021 tax rate schedule for the Single filing status.)
Read the requirements.
Requirement a. What will their 2021 tax be if they marry before year-end and file a joint return?
Taxable income
Requirements
a.
What will their 2021 tax be if they marry before year-end and file a
joint return?
b.
What will their combined 2021 taxes be if they delay the marriage until 2022?
c. What factors contribute to the difference in taxes?
· X
Transcribed Image Text:Brodie and Martha plan to marry in December 2021. Brodie's salary is $60,000 and he owns his residence. His itemized deductions total $16,550 ($6,100 of which are charitable contributions). Martha's salary is $89,000. Her itemized deductions total only $10,800 (none of which are charitable contributions) as she does not own her residence. (Click the icon to view the standard deduction amounts.) (Click the icon to view the 2021 tax rate schedule for the Married filing jointly filing status.) (Click the icon to view the 2021 tax rate schedule for the Single filing status.) Read the requirements. Requirement a. What will their 2021 tax be if they marry before year-end and file a joint return? Taxable income Requirements a. What will their 2021 tax be if they marry before year-end and file a joint return? b. What will their combined 2021 taxes be if they delay the marriage until 2022? c. What factors contribute to the difference in taxes? · X
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