Basics of Engineering Economy 1st Edition by Leland Blank,Anthony Tarquin

Exercise 6

Last year Carolyn was single; this year she is married to Vijay.Salaries, deductions, and other information are listed for the 2 years.Determine the federal income taxes for each when they were single and now as married and filing jointly using Table 13.2 rates.Is there a financial benefit or penalty for being married and filing as such? What is the size of the benefit or penalty?