Roy and Brandi are engaged and plan to get married. 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 reports $61,000 in wages. The personal exemption amount for 2015 is $4,000.
Note: If an amount is zero, enter, "0".
Click here to access the standard deduction table.
Click here to access the Tax Rate Schedules. Do not round your intermediate tax computations. Round your final answer to nearest 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?
$