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.)

Question

Quizplus · Accepted Answer

The Answer of 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.)

Maria and Tony Are Married