Question

In: Accounting

Which of the following taxpayers are eligible for the Minnesota Marriage Credit? Marsha earned $32,000, and...

Which of the following taxpayers are eligible for the Minnesota Marriage Credit?

Marsha earned $32,000, and Glen earned $24,000. They will file a joint return.

Jerome and Velma are married but will file separately for 2019.

Luther and Muriel both work and have earned income. Luther earned $34,000, and Muriel earned $26,000.

Delbert and Mamie have a total joint taxable income of $38,650.

Solutions

Expert Solution

In order to be eligible for Minnesota Marriage Credit, the following conditions must be fulfilled:-

  • You are married and filing a joint return;
  • Both of you have earned taxable income, pension or social security income;
  • Total joint taxable income is at least $39000;
  • Income of the spouse who earned lesser, is at least $25000

Keeping in view these conditions:-

  1. Marsha earned $32,000, and Glen earned $24,000. They will file a joint return.

They have Total Joint taxable income more than $39000, but the lesser earning spouse's income is less than $25000, so not eligible.

  1. Jerome and Velma are married but will file separately for 2019.

Provided they are married, but they are filing returns separately, so they're not eligible.

  1. Luther and Muriel both work and have earned income. Luther earned $34,000, and Muriel earned $26,000.

They have successfully complied all the above conditions required for obtaining Minnesota Marriage Credit, so they are eligible.

  1. Delbert and Mamie have a total joint taxable income of $38,650.

They have not Joint Taxable Income of $39000 earned during the year, so are not eligible.


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