Toby and Nancy are engaged and plan to get married. During 2023, Toby is a...

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Accounting

Toby and Nancy are engaged and plan to get married. During 2023, Toby is a full-time student and earns $9,400 from a part-time job. With this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year, Nancy is employed and has wages of $66,600.
Click here to access the standard deduction table to use. Click here to access the Tax Rate Schedules. If an amount is zero, enter, "0". Do not round your intermediate computations. Round your final answer to the nearest whole dollar.
a. Compute the following:
Toby
Filing Single Nancy
Filing Single
Gross income and AGI $fill in the blank 2fa999fefffcfd7_1
$fill in the blank 2fa999fefffcfd7_2
Standard deduction (single) fill in the blank 2fa999fefffcfd7_3
fill in the blank 2fa999fefffcfd7_4
Taxable income $fill in the blank 2fa999fefffcfd7_5
$fill in the blank 2fa999fefffcfd7_6
Income tax $fill in the blank 2fa999fefffcfd7_7
$fill in the blank 2fa999fefffcfd7_8
Question Content Area
b. Assume that Toby and Nancy get married in 2023 and file a joint return. What is their taxable income and income tax? Round your final answer to the nearest whole dollar.
Married
Filing Jointly
Gross income and AGI $fill in the blank d1c30e04e046fd2_1
Standard deduction (married, filing jointly) fill in the blank d1c30e04e046fd2_2
Taxable income $fill in the blank d1c30e04e046fd2_3
Income tax $fill in the blank d1c30e04e046fd2_4
c. How much income tax can Toby and Nancy save if they get married in 2023 and file a joint return?
$fill in the blank d1c30e04e046fd2_5

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