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Mr and Mrs

Question 46

Multiple Choice

Mr. and Mrs. Liddy, ages 39 and 41, file a joint return and have no dependents for the year. Here is their relevant information. Mr. and Mrs. Liddy, ages 39 and 41, file a joint return and have no dependents for the year. Here is their relevant information. Compute their adjusted gross income (AGI) and taxable income. A) AGI $50,200; taxable income $29,600 B) AGI $52,000; taxable income $31,400 C) AGI $52,000; taxable income $39,000 D) AGI $50,200; taxable income $39,000 Compute their adjusted gross income (AGI) and taxable income.


A) AGI $50,200; taxable income $29,600
B) AGI $52,000; taxable income $31,400
C) AGI $52,000; taxable income $39,000
D) AGI $50,200; taxable income $39,000

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