George (age 68) and his wife Jenelle (age 70) file a joint return. They furnish all of the support of Luther (George’s 90-year old father), who lives with them. In 2018, they received $6,000 of interest income on city of Chicago bonds and interest and dividend income on corporate stocks and bonds of $50,000. Compute George and Jenelle’s taxable income for 2018.

Answer rating: 100% (QA)

George and Jen elle s taxable income for 2018 would be 56 000 George and Je... View the full answer