Theresa and Oliver, both over 65 years of age and married filing jointly, have no dependents.Their 2019 income tax facts are: $$\begin{array} { l r }
\text { Theresa's wages } & \$ 165,000 \
\text { Oliver's wages } & 33,000 \
\text { Short-term capital gain } & 36,000 \
\text { Long-term capital loss } & ( 41,000 )
\end{array}$$ What is their taxable income for 2018?

Question

Theresa and Oliver, both over 65 years of age and married filing jointly, have no dependents.Their 2019 income tax facts are: $$\begin{array} { l r } 
\text { Theresa's wages } & \$ 165,000 \
\text { Oliver's wages } & 33,000 \
\text { Short-term capital gain } & 36,000 \
\text { Long-term capital loss } & ( 41,000 )
\end{array}$$ What is their taxable income for 2018?

Quizplus · Accepted Answer

The Answer of Theresa and Oliver, both over 65 years of age and married filing jointly, have no dependents.Their 2019 income tax facts are: $$\begin{array} { l r } 
\text { Theresa's wages } & \$ 165,000 \
\text { Oliver's wages } & 33,000 \
\text { Short-term capital gain } & 36,000 \
\text { Long-term capital loss } & ( 41,000 )
\end{array}$$ What is their taxable income for 2018?

Theresa and Oliver, Both Over 65 Years of Age and Married