Chloe and Bill, Both Single with No Dependents, Plan to Marry

question 101

Essay

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?

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Definitions:

Menstrual Cramps

Painful sensations felt in the lower abdomen before or during menstrual periods, due to uterine contractions.

Prostaglandin Activity

Biological processes involving prostaglandins, which are lipid compounds having diverse hormone-like effects in animals.

Raynaud's Disease

A condition characterized by decreased blood flow to extremities, causing discoloration and often pain in response to cold temperatures or stress.

Diltiazem

A medication used to treat high blood pressure and chest pain, functioning as a calcium channel blocker that relaxes the heart muscles and blood vessels.