Tamra and Jacob are married and they file a joint tax return.Tamra received nearly five times the salary that Jacob received.Which of the following statements is true?

Question

Quizplus · Accepted Answer

Tamra's significantly higher salary will likely place the couple in a lower tax bracket, resulting in a lower overall tax liability for their joint return. This is known as a tax marriage benefit, as it reduces the amount of tax owed compared to if they were filing separately. As Tamra's salary is so much higher, it is unlikely that they will pay a tax marriage penalty, which typically occurs when both spouses have similar incomes and are pushed into a higher tax bracket when filing jointly.

Tamra and Jacob Are Married and They File a Joint