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Strictly from a tax perspective, does it make any difference whether kendra and joe stay single or get married? explain.

Sagot :

michell96

According to the information, it can be inferred that there would be no difference between her tax as a single person and as a married woman.

How to know if Kendra pays more or less in married status?

To know if Kendra would pay more or less taxes having a married status, we must take several aspects into account:

  • Joe Keating has the same income and taxes as Kendra.
  • The tax rate for singles and married couples is the same (10%)
  • The Exemption for each member of the couple will remain equal to $3,950.
  • The standard deduction for each member of the couple is unchanged at $6,200.

What can be concluded about Kendra's taxes?

Kendra will have to pay the same amount of money in taxes whether she is single or married because her income and Joe Keating's are the same.

Note: This question is incomplete because there is some information missing. Here is the complete information:

Kendra Thayer, who is single, goes to graduate school part-time and works as a waitress at the backwater Grill in New York. During the past year (2014), her gross income was $18,700 in wages ad tips. She has decided to prepare her own tax return because she cannot afford the services of a tax expert. After preparing her return from her, she comes to you for advice. Here's a summary of the figures that she has prepared thus far:

Gross income:

Wages: $10,500

Tips: +8,200

Adjusted gross income (AGI): $18,700

Less: Itemized deductions: -2,300

total; $16,400

Less: Standard deduction: -6,200

Taxable income: $10,600

Kendra believes that if an individuals income falls below $20,350, the federal government considers him or her de ella 'poor and allows both itemized deductions and a standard deduction.

3. Kendra has been dating Joe Keating for nearly four years, and they are seriously thinking about getting married. Joe has income and itemized deductions that are identical to Kendra's. How much tax would they ay as a married couple (using the filing status of married filing jointly and a standard deduction of $12,400) versus the total amount the two would pay as single persons (each using the filing status of single)? Strictly from a tax perspective, does it make any difference whether Kendra and Joe stay single or get married?

Learn more about taxes in: https://brainly.com/question/16423331

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