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Bill and Miley Had an Adjusted Gross Income of $75,000

Question 64

Multiple Choice

Bill and Miley had an adjusted gross income of $75,000. They file taxes jointly and the standard deduction for married filing jointly is $24,400. They listed their itemized expenses as follows: home mortgage interest, $4,750; house property tax, $5,890; state income tax, $3,000; and charitable gifts (market value) , $245. How much do they owe in federal income tax? Bill and Miley had an adjusted gross income of $75,000. They file taxes jointly and the standard deduction for married filing jointly is $24,400. They listed their itemized expenses as follows: home mortgage interest, $4,750; house property tax, $5,890; state income tax, $3,000; and charitable gifts (market value) , $245. How much do they owe in federal income tax?   A)  $5,684 B)  $6,072 C)  $6,946 D)  $7,334


A) $5,684
B) $6,072
C) $6,946
D) $7,334

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