Theresa and Oliver, married filing jointly, and both over 65 years of age, have no dependents. Their 2014 income tax facts are:
$\begin{array}{lr}
\text { Theresa's wages } & \$ 165,000 \
\text { Oliver's wages } & 33,000 \
\text { Short-term capital gain } & 36,000 \
\text { Long-term capital loss } & (41,000)
\end{array}$

$\text { What is their taxable income for } 2014?$

Question

Theresa and Oliver, married filing jointly, and both over 65 years of age, have no dependents. Their 2014 income tax facts are:
 $\begin{array}{lr}
\text { Theresa's wages } & \$ 165,000 \
\text { Oliver's wages } & 33,000 \
\text { Short-term capital gain } & 36,000 \
\text { Long-term capital loss } & (41,000)
\end{array}$

$\text { What is their taxable income for } 2014?$

Quizplus · Accepted Answer

The Answer of Theresa and Oliver, married filing jointly, and both over 65 years of age, have no dependents. Their 2014 income tax facts are:
 $\begin{array}{lr}
\text { Theresa's wages } & \$ 165,000 \
\text { Oliver's wages } & 33,000 \
\text { Short-term capital gain } & 36,000 \
\text { Long-term capital loss } & (41,000)
\end{array}$

$\text { What is their taxable income for } 2014?$

Theresa and Oliver, Married Filing Jointly, and Both Over 65