Bobby and Lisa are married. Last year Lisa earned $47,300 and Bobby earned $18,000 in wages. Additional tax information for the year is as follows: Interest earned: $2,700; alimony paid: $5,600; penalty on early withdrawal of savings: $250; state and local income taxes paid: $5,100; contributions to charity: $2,200. Find the taxable income if they file a joint return.

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The Answer of Bobby and Lisa are married. Last year Lisa earned $47,300 and Bobby earned $18,000 in wages. Additional tax information for the year is as follows: Interest earned: $2,700; alimony paid: $5,600; penalty on early withdrawal of savings: $250; state and local income taxes paid: $5,100; contributions to charity: $2,200. Find the taxable income if they file a joint return.

Bobby and Lisa Are Married