Maria and Tony are married.They are preparing to file their 2017 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 2017? (Use tax rate schedule in the text.)

Question

Quizplus · Accepted Answer

The Answer of Maria and Tony are married.They are preparing to file their 2017 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 2017? (Use tax rate schedule in the text.)

Maria and Tony Are Married