Theresa and Oliver, married filing jointly, and both over 65 years of age, have no dependents.Their 2017 income tax facts are: $\begin{array}{lr}
\text { Theresa's wages } & \$ 165,000 \
\text { Oliver's wages } & 33,000 \
\text { Shortterm capital gain } & 36,000 \
\text { Longterm capital loss } & (41,000)
\end{array}$ What is their taxable income for 2017?

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The Answer of Theresa and Oliver, married filing jointly, and both over 65 years of age, have no dependents.Their 2017 income tax facts are: $\begin{array}{lr}
\text { Theresa's wages } & \$ 165,000 \
\text { Oliver's wages } & 33,000 \
\text { Shortterm capital gain } & 36,000 \
\text { Longterm capital loss } & (41,000)
\end{array}$ What is their taxable income for 2017?

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