Examlex
Explain the concept of the "sandwich generation." What are the benefits and the challenges that this group of middle-aged people face that previous generations did not?
Taxable Income
The amount of an individual's or a corporation's income used to determine how much tax is owed to the government.
Married Filing Jointly
A tax filing status for married couples who choose to combine their income and deductions on a single tax return.
Tax
The amount of money a person must pay to the government to benefit from government services.
Marriage Penalty
A situation in the tax code where married couples end up paying more combined tax than they would as two single individuals.
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