Q4 (Standard Deduction).
(1) During 2015, Charlie (blind, age 70) and Julie (blind, age 61) are married and file a joint
return. Their itemized deductions for 2015 are $18,000. In order to minimize the tax
burden, should Charlie and Julie claim for standa
Tax liability (= tax or tax burden) = tax base tax rate = taxable income marginal tax rate (For Federal income, taxable income is the tax base.)
Tax rate 1) proportional rate: tax rate remains constant for any income level (e.g., sales tax, excise tax). 2
Professor Robert Kim
February 25th 2016
1.a) Draw, diagram, or photograph a sign from the Cornell campus, Ithaca, or
your hometown. The sign can be outside or in a building. It is not ok to use one
off of the internet. Choose a sign that is terrible or exemplary.
b) From lectures and/or or read