Question: Mr and Mrs K had the following income items Mr

Mr. and Mrs. K had the following income items:
Mr. K’s salary ………………………… $206,000
Mrs. K’s salary ………………………… 118,000
Ordinary partnership income ………….. 51,750
The couple had $28,200 itemized deductions (none of which were medical expense, investment interest expense, or casualty, theft, or gambling loss) and two dependent children over age 17. Using the worksheets in Appendices 14-A and 14-B, compute Mr. and Mrs. K’s income tax on a joint return.

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  • CreatedNovember 03, 2015
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