Theresa and Oliver,married filing jointly,and both over 65 years of age,have no dependents.Their 2016 income tax facts are:
Theresa's wages
$165,000
Oliver's wages
33,000
Short-term capital gain
36,000
Long-term capital loss
(41,000)
What is their taxable income for 2016?

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The Answer of Theresa and Oliver,married filing jointly,and both over 65 years of age,have no dependents.Their 2016 income tax facts are:
Theresa's wages
$165,000
Oliver's wages
33,000
Short-term capital gain
36,000
Long-term capital loss
(41,000)
What is their taxable income for 2016?

Theresa and Oliver,married Filing Jointly,and Both Over 65 Years of Age,have