Roger, age 39, and Lucy, age 37, are married taxpayers who file a joint income tax return for 2019. They have gross income of $26,100. Their deductions for adjusted gross income are $550 and they have itemized deductions of $5,400. If Roger and Lucy have no dependents for 2019, calculate the following amounts:

a.Their adjusted gross income
b.The greater of the amount of their standard deduction or their itemized deductions
c.Their taxable income

Question

Roger, age 39, and Lucy, age 37, are married taxpayers who file a joint income tax return for 2019. They have gross income of $26,100. Their deductions for adjusted gross income are $550 and they have itemized deductions of $5,400. If Roger and Lucy have no dependents for 2019, calculate the following amounts:
 
a.Their adjusted gross income
b.The greater of the amount of their standard deduction or their itemized deductions
c.Their taxable income

Quizplus · Accepted Answer

The Answer of Roger, age 39, and Lucy, age 37, are married taxpayers who file a joint income tax return for 2019. They have gross income of $26,100. Their deductions for adjusted gross income are $550 and they have itemized deductions of $5,400. If Roger and Lucy have no dependents for 2019, calculate the following amounts:
 
a.Their adjusted gross income
b.The greater of the amount of their standard deduction or their itemized deductions
c.Their taxable income

Roger, Age 39, and Lucy, Age 37, Are Married Taxpayers