Then we compute the mean of this resample and obtain the first bootstrap mean: Î¼ 1 *. We repeat this process to obtain the second resample X 2 * and compute the second bootstrap mean Î¼ 2 *. If we repeat this 100 times, then we have Î¼ 1 *, Î¼ 2 *, â¦, Î¼ 100 *. This represents an empirical bootstrap distribution of sample mean. From this empirical distribution, one can derive a bootstrap confidence interval for the purpose of hypothesis testing.
California allows a deduction for medical expenses for the spouse of a same-sex marriage and their spouse's dependents as an itemized deduction that exceeds 7.5% of Federal AGI. Refer to Federal Publication 502, Medical and Dental Expenses, for additional limits on deductible long-term care premiums.
Tax deductions reduce the total pool of income that is subject to tax. For example, if you made $40,000 last year and you had $5,000 in tax deductions, only $35,000 would be subject to income taxes. According to the IRS, married couples filing joint returns have a standard deduction of $11,900 for 2012 returns. Joint filers will be better off taking the standard deduction unless itemized deductions exceed that amount. Standard Deduction for Separate Filers. Married people sometimes choose to file separate tax returns. The IRS states that the standard deduction for married couples filing separate returns is $5,950 for 2012 returns, which is the same as the deduction for single filers and half that of joint filers. If both partners earn a similar amount of income, there may be little difference between filing joint and separate returns in terms of total taxes owed. Other Tax Deductions. Aside from the standard deduction, marriage can impact a variety of other tax deductions and credits.