Jason and Lina are trying to decide whether they should get married in December or January.They have heard that there is a marriage penalty built into the federal tax system.If Jason has taxable income of $150,000 and Lina has taxable income of $90,000,determine whether they should file as single and get married in January,or move the wedding up to December so that they can file jointly.

Question

Jason and Lina are trying to decide whether they should get married in December or January.They have heard that there is a marriage penalty built into the federal tax system.If Jason has taxable income of $150,000 and Lina has taxable income of $90,000,determine whether they should file as single and get married in January,or move the wedding up to December so that they can file jointly.
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Quizplus · Accepted Answer

The Answer of Jason and Lina are trying to decide whether they should get married in December or January.They have heard that there is a marriage penalty built into the federal tax system.If Jason has taxable income of $150,000 and Lina has taxable income of $90,000,determine whether they should file as single and get married in January,or move the wedding up to December so that they can file jointly.
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Jason and Lina Are Trying to Decide Whether They Should