How might their tax burden be reduced

Assignment Help Operation Management

Reference no: EM132169285

Ernesto and Carolyn are married and have three children: a toddler, a teen, and a college freshman. Every year at tax time, they complain about high taxes. How might their tax burden be reduced?

What you know:

• Their gross annual income is $122,635 ($62,842 from Ernesto and $59,793 from Carolyn).

• They have been doing their taxes individually and filing separately.

• This is the second marriage for both, and they are set in their ways.

• They believe it is a hassle to itemize their deductions, so they take the standard options.

• They have never looked at their tax options.

• They have been using the 1040EZ form.

Reference no: EM132169285

Questions Cloud

List the five areas where you most need development : List the five areas where you most need development and explain why.

What was the cause of the metrolink accident : What was the cause of the Metrolink accident and could it have been avoided?

Deficiencies in currie draft of the examination report : Identify the deficiencies in Currie's draft of the examination report.

Identification of alternative solutions and stakeholders : Community Blood Center of the Carolinas. Identification of the stakeholders. Identification of alternative solutions. Evaluation of alternative solutions.

How might their tax burden be reduced : Ernesto and Carolyn are married and have three children: a toddler, a teen, and a college freshman. How might their tax burden be reduced?

Project is progressing according to schedule established : What is the project manager's role in ensuring the project is progressing according to the schedule established?

What is the next innovation for this environment : Business has moved very quickly from bricks and mortar to clicks and bricks. What is the next innovation for this environment?

Has facebook solved the mobile ad problem : Mobile phones have transformed our lives. Has Facebook Solved the Mobile Ad Problem?

Assignments require students to use scholarly sources : Many college assignments require students to use scholarly sources. Discuss some of criteria you would use to determine if a source is scholarly.

User Account

All Pages