Marriage and Taxes free essay sample

Marriage and Taxes Introduction: Bill and Mary plan to marry in December of 2012. Bills salary is $32,000 and he owns a residence. His itemized deductions total $12,000. Marys salary is $39,000. Her itemized deductions total only $1,600 as she does not own a residence. Assume that 2013 tax rates, exemptions, and standard deductions are the same as 2012. Task(s): Answer the following questions: a. What will their tax be if they marry before year-end and file a joint return? The file joint of returns will be $12,000. b. What will their combined taxes be for the year if they delay the marriage until 2013? The combined taxes will be $13,600 if they delay the marriage. $12,000 + 1,600 = 13,600. c. What factors contribute to the difference in taxes? Some of the factors that can result a difference in the taxes would be based on your itemized deductions. Examples a itemized deductions are mortgages that you own, have done any charitable donations, medical expenses, Long-term care services, and relocating for new employment. We will write a custom essay sample on Marriage and Taxes or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page For a marriage case they can us the marriage penalty, Examples of a marriage penalty: (1) Both of the earns $80,000 a year mas two single individuals, the marginal tax rate will be 25% However, if you are a married couple, the marginal tax rate on a $160,000 annual income is 28%. 2) If you are married you are allowed to write off a total of $3,000 in losses, if filing separately, each only has a $1,500 limit; whereas two single individuals can write off a total of $6,000. (3) When it comes to IRA contributions, they are phased out at income levels between $178,000 – $188,000 for married couples versus a range of $112,000 – $127,000 for single taxpayers. Ingenuity. Empathetic.

5 Appositive Phrases with Punctuation Problems

5 Appositive Phrases with Punctuation Problems 5 Appositive Phrases with Punctuation Problems 5 Appositive Phrases with Punctuation Problems By Mark Nichol An appositive is a noun or a noun phrase that appears in proximity to another noun or noun phrase to define or modify it. When writers employ nonrestrictive appositions, which consist of optional additional information, they sometimes fail to punctuate the sentence correctly to indicate that the phrase is parenthetical, leading to confusion. Here are five sentences in which insertion of a single comma repairs the damage. 1. â€Å"John Smith, Jones’s rival and number four on the FBI’s most-wanted list is caught.† If this sentence began with â€Å"Jones’s rival . . .,† it would be correctly punctuated. But â€Å"John Smith† is the subject, â€Å"is caught† is the object, and the phrase beginning â€Å"Jones’s rival† and ending â€Å"most-wanted list† is an appositive, and must be punctuated as a parenthetical phrase: â€Å"John Smith, Jones’s rival and number four on the FBI’s most-wanted list, is caught.† 2. â€Å"John Doe, who once led the company was indicted on eighty-five counts in a huge federal case.† The basic facts are that John Doe was indicted; the phrase â€Å"who once led the company† is an appositive parenthetical and must, like the descriptive phrase in the preceding example, be framed by commas: â€Å"John Doe, who once led the company, was indicted on eighty-five counts in a huge federal case.† 3. â€Å"Life has been rough for Jane Roe, the governor’s chief of staff ever since her controversial remark went public.† â€Å"The governor’s chief of staff† is the appositive here; without a comma following the phrase to complement the preceding comma, the statement implies that she gained her position when she made the remark: â€Å"Life has been rough for Jane Roe, the governor’s chief of staff, ever since her controversial remark went public.† 4. General Martin Dempsey, the Joint Chiefs of Staff chairman who just wrapped up a visit to Afghanistan, was asked whether he foresees North Korea taking military action soon. By combining the general’s title with the reference to his recent visit to Afghanistan, the sentence implies that more than one Joint Chiefs of Staff chairman exists; Dempsey is the one who had just returned from Afghanistan. The phrase â€Å"the Joint Chiefs of Staff chairman† must be bracketed by a pair of commas to show that it is the first of two parenthetical phrases dividing the subject from the object: â€Å"General Martin Dempsey, the Joint Chiefs of Staff chairman, who just wrapped up a visit to Afghanistan, was asked whether he foresees North Korea taking military action soon.† (Sometimes, one of two consecutive appositives that follow another noun or noun phrase can be separated by relocating one before the noun or noun phrase it refers to, but here, Dempsey’s title would compete with his military rank; however, the reference to the Afghanistan visit could be moved to a subsequent sentence, or even deleted because it is irrelevant to the sentence.) 5. â€Å"The next antiwar demonstration scheduled to take place on April 7 may take aim at companies outside San Francisco.† This sentence’s lack of internal punctuation will likely lead readers to assume that more than one demonstration is scheduled to take place on April 7, which is a distracting error. The reference to the date is in apposition, identifying the date of the event (it is appositive because, as a truncated version of â€Å"the one scheduled to take place on April 7,† it is another way of referring to â€Å"the next antiwar demonstration†), and could be removed without changing the meaning of the sentence: â€Å"The next antiwar demonstration, scheduled to take place on April 7, may take aim at companies outside San Francisco.† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Grammar category, check our popular posts, or choose a related post below:"Because Of" and "Due To" Connotations of 35 Words for Funny PeopleOppose and Opposed To