Raphael and Martina are engage and are planning to travel to Las Wegas during the 2021 Christmas

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Raphael and Martina are engaged
and are planning to travel to Las
Vegas during the 2021 Christmas
season and get married around
the end of the year. In 2021,
Raphael expects to earn $45,900
and Martina expects to earn
$16,800. Their employers have
deducted the appropriate amount
of withholding from their
paychecks throughout the year.
Neither Raphael nor Martina has
any itemized deductions. They are
trying to decide whether they
should get married on December
31, 2021, or on January 1, 2022.
What do you recommend? Use
the appropriate Tax Tables.
Transcribed Image Text:Raphael and Martina are engaged and are planning to travel to Las Vegas during the 2021 Christmas season and get married around the end of the year. In 2021, Raphael expects to earn $45,900 and Martina expects to earn $16,800. Their employers have deducted the appropriate amount of withholding from their paychecks throughout the year. Neither Raphael nor Martina has any itemized deductions. They are trying to decide whether they should get married on December 31, 2021, or on January 1, 2022. What do you recommend? Use the appropriate Tax Tables.
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