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Mr and Mrs Dell, Ages 29 and 26, File a Joint

Question 64

Multiple Choice
Mr and Mrs Dell, ages 29 and 26, file a joint return and have no dependents for the year. Here is their relevant information. Standard Deduction Table.
Salaries $ 163,000
Dividend income 1,900
Above-the-line deductions 6,200
Itemized deductions 26,200
Compute their adjusted gross income (AGI) and taxable income.

Mr and Mrs Dell, ages 29 and 26, file a joint return and have no dependents for the year. Here is their relevant information. Standard Deduction Table.
Salaries $ 163,000
Dividend income 1,900
Above-the-line deductions 6,200
Itemized deductions 26,200
Compute their adjusted gross income (AGI) and taxable income.


A)  AGI $164,900; taxable income $134,700
B)  AGI $158,700; taxable income $132,500
C)  AGI $158,700; taxable income $108,500
D)  AGI $164,900; taxable income $8,500

Correct Answer:

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