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1 Marriage A Filing status (1) If married on the last day of the year, taxpayers may choose to le either jointly or separately In general, ling jointly is more bene cial to a couple (2) In some instances, spouses who le jointly pay more taxes than they would if they were able to le as two single taxpayers This is often called the marriage penalty (a) In 2003, the standard deduction is $7,950 for married ling jointly, and $9,500 for two single taxpayers (b) In 2003, the 27 percent tax bracket begins at $47,450 for married ling jointly, and $56,800 for two single taxpayers Penalties exist at each successive tax bracket (c) Social Security bene ts are taxable for a married couple when AGI plus half their bene ts reaches $32,000 and as high as $25,000 for single taxpayers B Children (1) Tax treatment of dependent child s income (a) Earned income only: Income up to the standard deduction is not taxable, regardless of age (b) Unearned income only i For a child under age 14 by the close of the tax year (kiddie tax applies), the rst $750 of unearned income is not taxed, the next $750 of unearned income is taxed at the child s tax rate, and the excess of the child s unearned income is taxed at the parent s marginal rate ii For a child at or above age 14 by the close of the tax year, the rst $750 of unearned income is not taxed, and any additional unearned income is taxed only at the child s rate No unearned income will be taxed at the parent s rate (c) Earned and unearned income i For child under age 14 Unearned The rst $750 of unearned income is not taxed, the next $750 of unearned income is taxed at the child s tax rate, and the excess of the child s unearned income is taxed at the parent s marginal rate Earned Earned income minus the remaining amount of the standard deduction is taxed at the child s rate ii For a child age 14 and over Earned and unearned income Income up to the standard deduction is not taxable; income over the standard deduction is at the child s tax rate (2) A child with income who quali ed as a dependent on the parent s tax return cannot claim a personal exemption on his or her own tax return Exemption can be claimed only by the parents, even if they choose not to claim the exemption C Common law and community property (1) Common law (a) Common law is a body of law that is based on custom and general principles and is embodied in case law It serves as precedent or is applied to situations not covered.



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not provide enough information for the overall system design and con guration. In that case, in addition to these measures, the frequency of outages [or equivalently the level crossing rate (LCR)] and the average outage duration (AOD) are important performance measures for the proper selection of the transmission symbol rate, interleaver depth, packet length, and/or time slot duration. As such, some studies have focused on the analysis of the AOD and the LCR of MRC [221 224], SC [223 226], SSC [227], and GSC [228] diversity combining techniques. In this section, as an example, we summarize the general method presented in Ref. 228 to obtain the LCR and AOD of GSC over independent diversity paths and present as special cases the LCR and AOD of MRC and SC. 9.14.1 System and Channel Models





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The corrected received age is the maximum of either the apparent age or the Age header field value Intermediate caches not HTTP 11 compliant won't forward this Age value The response delay is the local time difference between the client request and receipt of the response from the network (server or intermediate cache) The corrected initial age is the corrected received age added to the response delay The resident time is the difference between the response time and the current time The current age of the document is the sum of the corrected initial age and the resident time

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Topic 70: Tax Implications of Changing Circumstances - 225 by statute A husband and wife have equal ownership in all property under common law (b) Common law states have a stepped-up basis for half of the assets: a step -up in basis for the decedent s share of ownership, but not the survivor s share (2) Community property recognized in nine states (a) Community property is all property that has been acquired by the efforts of either spouse during their marriage while living in a community property state, except property acquired by only one of the spouses by gift, devise, bequest, or inheritance or acquired by either spouse prior to their marriage The two spouses own community property equally (b) Community property states have a full step-up in basis For tax purposes at death, the new cost basis is the fair market value (FMV) at the date of death for both halves of the community property even though only one-half is included in the decedent spouse s estate (c) Couples residing in community property states should hold appreciated property as community property On the other hand, if property has decreased in value, community property will receive a full step-down in basis at the rst death, and some other form of title may be preferred 2 Divorce A Alimony (1) A series of payments from one spouse to another or to a third party on behalf of the receiving spouse (2) Taxable income to the recipient and tax deductible expense to the payor (3) Payments are alimony only if all of the following conditions are met: (a) Payments must be made in cash (b) Payments must end at death of payee (c) Payor and payee cannot live together (d) Agreement or decree does not specify that the payments are not alimony (e) Front loading is avoided (4) Front loading (a) A measure to discourage property settlements as alimony (b) There may be alimony recapture if there is more than a $15,000 decrease in alimony payments between any of the rst three years (c) Another rule applies to the extent that the payments in the second year exceed the payments in the third year by more than $15,000 (d) Alimony recapture affects the third year of alimony payments only Recapture in the third year is claimed as income by the original payor and claimed as a deduction from income by the payee B Child support (1) Established by the courts and based on the ratio of each parent s income, the percentage of time the child spends with each parent, and the amount of alimony payments made to the custodial parent (2) Is not deductible by the payor and not included in the income of the recipient (3) The child can be counted as an exemption by only one parent, but the exemption can be traded back and forth each year (4) Only the custodial parent is entitled to claim both the child and the dependent care credit.

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