Essay
Chloe and Bill, both single with no dependents, plan to marry either immediately before or immediately after year-end. Chloe's income for 2017 is $89,000 and Bill's is $86,000 before subtracting $10,400 for the standard deduction and personal exemption for each. Would they have a marriage penalty or a marriage benefit if they married at the end of 2017?
Correct Answer:
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Marriage penalty.
As single taxpayers: C...View Answer
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Correct Answer:
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As single taxpayers: C...
View Answer
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