Theodore, age 74, and Maureen, age 59, are married taxpayers with two dependents. Their adjusted gross income for the 2019 tax year is $43,600, and they have itemized deductions of $7,800. Determine the following for Theodore and Maureen's 2019 income tax return:

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

Question

Theodore, age 74, and Maureen, age 59, are married taxpayers with two dependents. Their adjusted gross income for the 2019 tax year is $43,600, and they have itemized deductions of $7,800. Determine the following for Theodore and Maureen's 2019 income tax return:
 
a.The greater of the amount of their standard deduction or their itemized deductions
b.Their taxable income

Quizplus · Accepted Answer

The Answer of Theodore, age 74, and Maureen, age 59, are married taxpayers with two dependents. Their adjusted gross income for the 2019 tax year is $43,600, and they have itemized deductions of $7,800. Determine the following for Theodore and Maureen's 2019 income tax return:
 
a.The greater of the amount of their standard deduction or their itemized deductions
b.Their taxable income

Theodore, Age 74, and Maureen, Age 59, Are Married Taxpayers