Barbie and Jose are married and claim 2 exemptions. Last year Barbie earned $32,400 and Jose earned

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Barbie and Jose are married and claim 2 exemptions. Last year Barbie earned $32,400 and Jose earned $28,600 in wages. Additional tax information for the year is as follows: Interest earned: $2,800; alimony paid: $5,900; contributions to IRA retirement fund: $2,300; state and local income taxes paid: $6,200; contributions to charity: $2,700. Find the taxable income if they file a joint return.

A. $39,100

B. $37,950

C. $35,300

D. $39,200

Posted Date: Sep 18, 2021 06:36 AM

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Barbie and Jose are married and claim 2 exemptions. Last year Barbie earned $32,400 and Jose earned

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Step 1 Calculate gross income Gross taxable income 32400 28600 2800 63800 St... View the full answer

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