Domenic Tavella is a manager of a food store. He is married and files jointly with his wife. Last year Domenic earned $48,260 and his wife earned $34,350. In addition, they earned $310 interest on their investments. They each contributed $1,500 to a retirement account. They had the following itemized deductions: $3,300 in real estate taxes, $8,400 in mortgage interest and $1,890 in charitable contributions.
A)What is the amount of their adjusted gross income?
B)What is the amount of their taxable income?

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The Answer of Domenic Tavella is a manager of a food store. He is married and files jointly with his wife. Last year Domenic earned $48,260 and his wife earned $34,350. In addition, they earned $310 interest on their investments. They each contributed $1,500 to a retirement account. They had the following itemized deductions: $3,300 in real estate taxes, $8,400 in mortgage interest and $1,890 in charitable contributions.

Domenic Tavella Is a Manager of a Food Store