Maria and Tony are married. They are preparing to file their 2019 tax return. If they were to file as single taxpayers, Maria and Tony would report $40,000 and $60,000 of taxable income, respectively. On their joint tax return, their taxable income is $100,000. How much of a marriage penalty or benefit will Maria and Tony experience in 2019? (Use Tax rate schedules.)
What will be an ideal response?
No marriage penalty or benefit.
Answer computed as follows:
1. $9,086 + 22% × ($100,000 ? $78,950) = $13,717
2. $4,543 + 22% × ($40,000 ? $39,475) = $4,658.50
3. $4,543 + 22% × ($60,000 ? $39,475) = $9,058.50
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