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?

Answer rating: 100% (QA)

Answer To compute Albert and Louises taxable income for the year lets ... View the full answer