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Roy and Brandi are engaged and plan to get married. During 2015, Roy is a full-time student and earns $9,000 from a part-time job. With this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year, Brandi is employed and has wages of $61,000. The personal exemption amount for 2015 is $4,000.

Click here to access the standard deduction table to use. Click here to access the Tax Rate Schedules.

If an amount is zero, enter, "0". Do not round your intermediate computations. Round your final answer to nearest whole dollar value.

a. Compute the following:

 

Roy
Filing Single

 

Brandi
Filing Single

Gross income and AGI

$

 

$

Standard deduction

 

 

 

Personal exemption

 

 

 

Taxable income

$

 

$

Income tax

$

 

$

b. Assume that Roy and Brandi get married in 2015 and file a joint return. What is their taxable income and income tax?

Round your final answer to nearest whole dollar value.

 

Married
Filing Jointly

Gross income

$

 

 

Standard deduction

 

 

 

Personal exemptions

 

 

 

Taxable income

$

 

 

Income tax

$

 

 

c. How much income tax can Roy and Brandi save if they get married in 2015 and file a joint return?

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M91591600

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