Alice and Cary are married, filing jointly, and earned wages of $112,200 in 2019. They also earned $1022 in interest on investments and contributed $11,320 to a tax-deferred retirement plan. They claimed tax-deferred educator expenses of $185 and will use their 2019 standard deduction of $24,400 rather than itemizing their deductions. Finally, they claim a $2,000 child tax credit for their only child.

Calculate Alice and Cary's gross income.

Calculate Alice and Cary's adjusted gross income.

Calculate Alice and Cary's taxable income.

Answer rating: 100% (QA)

Answer Alice and Cars gross Annual salory pageol income 112200 Interent on investment S1022 3... View the full answer