Required: a. Compute their combined tax if they choose to file separate returns. b. Compute their tax if they file a joint return.
Required: a. Compute their combined tax if they choose to file separate returns. b. Compute their tax if they file a joint return.
Chapter1: The Individual Income Tax Return
Section: Chapter Questions
Problem 8P
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Question
7
Transcribed Image Text:Mr. Olaf earned an $89,000 salary, and Ms. Olaf earned a $40,330 salary. The couple had no other income and cannot itemize
deductions. Assume the taxable year is 2023. Use Individual Tax Rate Schedules and Standard Deduction Table.
Required:
a. Compute their combined tax if they choose to file separate returns.
b. Compute their tax if they file a joint return.
Complete this question by entering your answers in the tabs below.
Required A Required B
Compute their combined tax if they choose to file separate returns.
Note: Round your intermediate calculations and final answers to the nearest whole dollar amount.
Mr. Olaf's Tax
Ms. Olaf's Tax
Combined Tax
S
$
Amount
> Answer is complete but not entirely correct.
12,568 X
3,135 x
15,703
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