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Question: problem 346 algorithmic lo 5 69 toby and nancy are...

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Problem 3-46 (Algorithmic) (LO. 5, 6,9) Toby and Nancy are engaged and plan to get married. During 2017, Toby is a full time student and earns S6,700 from a part-time j. With this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year, Nancy is employed and reports $52,200 in wages. The personal exemption amount for 2017 is $4,050. Click here to access the standard deduction table to use. Click here to access the Tax Rate Schedules. If an amount is zero, enter, o.Do not round your intermediate computations. Round your final answer to nearest whole dollar .Compute the following: Toby Filing Single Nancy Filing Single Gross income and AGI 6,700 2,200 Standard deduction Personal exemption Taxable income Income tax 4,050 | 4,050 b. Assume that Toby and Nancy get married in 2017 and file a joient retarn. What is their taxable income and income tax? Round your final answer to nearest whole dollar Filing Jointly 58,900 Gross income All work saved DELL Cell Phones C XCV Alt
ling Single Filing Single Gross income and AG Standard deduction Personal exemption Taxable income 6,700 52,200 4,050 4,050 Income tax b. Assume that Toby and Nancy get married in 2017 and ile a joint return. What is their taxable income and income tax? Round your final answer to nearest whole dollar Married Filing Jointly Gross income 58,900 Standard deduction Personal exemptions Taxable income c. How much Federal income tax can Toby and Nancy ผee if ther oet married in 2017 and nie a joint return? DOLL Cell Phones Of o w ER TY CV
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