Albert, age 66 and Louise, age 57 will file a joint return for the current tax year.
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Question:
Albert, age 66 and Louise, age 57 will file a joint return for the current tax year. They provided all of the support for their legally blind 29-year old son who had no gross income. They also provided 100% of the support of Louise's father who is a life-long resident and citizen of Canada. Albert and Louise had adjusted gross income of $72,450 and have no itemized deductions. Compute their taxable income for the year?
Adjusted Gross Income?
Standard Deduction?
Taxable Income?
Related Book For
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
Posted Date: