please help ASAP 4.E.59Married FilingJointlyup to $18,650up to $75,900up to $153,100up to $233,350up to $416,700up to $470,700above $470,700Consider the following couple, who are engaged to be married. Assume that each person takes oneexemption and the standard deduction. Answer the questions below using the tax rates in the table to theright.Tax Rate10%15%25%28%33%35%39.6%StandarddeductionExemption(per person)Singleup to $9325up to $37,950up to $91,900up to $191,650up to $416,70Cup to $418,400above $418,400Rebecca and Roberto have adjusted gross incomes of $96,400 and $82,200, respectively.$6350$12,700$4050$4050Calculate their income tax if they delay their marriage until next year so they can file their tax retums as individuals at the single tax rate this year.Their income tax would be $ 30,928'.(Round to the nearest dollar as needed.)Calculate their income tax if they marry before the end of this year and file a joint return.Their income tax would be $31075.(Round to the nearest dollar as needed.)

There are 5 filing status under the IRS with specified tax brackets. They are as follows:- Single;…

Consider the following couple, who are engaged to be married. Assume that each person takes one exemption and the standard deduction. Answer the questions below using the tax rates in the table to the right. Rebecca and Roberto have adjusted gross incomes of $96,400 and $82,200, respectively.

Consider the following couple, who are engaged to be married. Assume that each person takes one exemption and the standard deduction. Answer the questions below using the tax rates in the table to the right. Rebecca and Roberto have adjusted gross incomes of $96,400 and $82,200, respectively.

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Chapter10: Partnerships: Formation, Operation, And Basis

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Question

please help ASAP

4.E.59
Married Filing
Jointly
up to $18,650
up to $75,900
up to $153,100
up to $233,350
up to $416,700
up to $470,700
above $470,700
Consider the following couple, who are engaged to be married. Assume that each person takes one
exemption and the standard deduction. Answer the questions below using the tax rates in the table to the
right.
Tax Rate
10%
15%
25%
28%
33%
35%
39.6%
Standard
deduction
Exemption
(per person)
Single
up to $9325
up to $37,950
up to $91,900
up to $191,650
up to $416,70C
up to $418,400
above $418,400
Rebecca and Roberto have adjusted gross incomes of $96,400 and $82,200, respectively.
$6350
$12,700
$4050
$4050
Calculate their income tax if they delay their marriage until next year so they can file their tax retums as individuals at the single tax rate this year.
Their income tax would be $ 30,928'.
(Round to the nearest dollar as needed.)
Calculate their income tax if they marry before the end of this year and file a joint return.
Their income tax would be $31075.
(Round to the nearest dollar as needed.)

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