If an amount is zero enter 0 do not round your intermediate


Roy and Brandi are engaged and plan to get married. During 2015, 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 has wages of $61,000. The personal exemption amount for 2015 is $4,000.

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If an amount is zero, enter, "0". Do not round your intermediate computations. Round your final answer to nearest whole 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?

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Financial Accounting: If an amount is zero enter 0 do not round your intermediate
Reference No:- TGS01220134

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