Betty, age 39 and Steve, age 50, are married with two dependent children. They file a joint return for 2016. Their income from salaries totals $155,000; they receive $1,000 in taxable interest and $2,000 in royalties. Their deductions for adjusted gross income amount to $3,100; they have itemized deductions totaling $41,000. Calculate the following amounts:

Question

Betty, age 39 and Steve, age 50, are married with two dependent children. They file a joint return for 2016. Their income from salaries totals $155,000; they receive $1,000 in taxable interest and $2,000 in royalties. Their deductions for adjusted gross income amount to $3,100; they have itemized deductions totaling $41,000. Calculate the following amounts:
Betty, age 39 and Steve, age 50, are married with two dependent children. They file a joint return for 2016. Their income from salaries totals $155,000; they receive $1,000 in taxable interest and $2,000 in royalties. Their deductions for adjusted gross income amount to $3,100; they have itemized deductions totaling $41,000. Calculate the following amounts:

Quizplus · Accepted Answer

The Answer of Betty, age 39 and Steve, age 50, are married with two dependent children. They file a joint return for 2016. Their income from salaries totals $155,000; they receive $1,000 in taxable interest and $2,000 in royalties. Their deductions for adjusted gross income amount to $3,100; they have itemized deductions totaling $41,000. Calculate the following amounts:

Betty, Age 39 and Steve, Age 50, Are Married with Two