What is the maximum amount that Mr. and Mrs. Jones, both over 65, may take as a credit for the elderly before the income tax limitation, assuming that they have gross income of $23,000 and adjusted gross income of $21,500?

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The maximum base amount must be reduced by one-half of the adjusted gross income over $10,000.
 11eb4b56_5176_c1bb_acd1_45cff9c06470_TB1942_00 The credit is limited to the tax liability of $0 [($21,500 - $14,200 - $7,600 = $0) × 10%].

What Is the Maximum Amount That Mr