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Chloe and Bill, both single with no dependents, plan to marry either immediately before or immediately after year-end. Chloe's income for 2018 is $89,000 and Bill's is $86,000 before subtracting $12,000 for the standard deduction for each. Would they have a marriage penalty or a marriage benefit if they married at the end of 2018?
Concept
A general idea or understanding that represents a class of thoughts, objects, or phenomena within a certain framework or theory.
Debt-to-equity Ratio
A ratio measuring the balance between shareholder equity and debt in the capital structure used for financing assets.
Return on Equity
Return on Equity (ROE) is a financial ratio that measures the profitability of a company relative to the equity held by its shareholders, indicating how effectively management uses shareholders' funds.
Market Rate
The current market rate for financial instruments with alike risk and duration.
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