Consider the following 2019 information for Bella and Bill, who file married filing jointly: Scenario A 160,000 Scenario B 429,750 32,500 did not sell Combined salaries of both spouses Purchased stock 5 years ago for 4 What is AGI, taxable income and the tax owed? How much did the taxpayers save in taxes by making the charitable contribution?

Answer rating: 100% (QA)

ANS WER AG I 160 000 429 750 5 89 750 Tax able income 5 89 750 32 500 5 57 ... View the full answer