Claire and Phil file their income taxes as Married Filing Jointly. They had combined wages of $210.000.

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Claire and Phil file their income taxes as Married Filing Jointly. They had combined wages of $210.000. received 8000 in interest from a savings account, and contributed a total of $5,000 to their tax-deferred retirement plans. They still consider their two youngest children as dependents when determining exemptions and have itemized deductions totaling $11.590.

(a) Find their gross income.

(b) Find their adjusted gross income.

Posted Date: Dec 15, 2021 12:04 PM

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Claire and Phil file their income taxes as Married Filing Jointly. They had combined wages of $210.000.

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We have assumed tax year is 2021 where standard deduction for couple is 25100 a Gross Income Gross i... View the full answer

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