Diego, age 28, married Dolores, age 27, in 2018 Their salaries for the year amounted to $103,875 and they had interest income of $4,630 Diego and Dolores' deductions for adjusted gross income amounted to $8,490 their itemized deductions were $17,925, and they have no dependents on their return; and, they filed a joint return.

Filing Status	2017 Standard Deduction
Single	$6,350
Married, filing jointly	12,700
Married, filing separately	6,350
Head of household	9,350
Qualifying widow(er)	12,700

a. What is the amount of their adjusted gross income?

b. In order to minimize taxable income, Diego and Dolores will in the amount of $.

c. What is the amount of their taxable income?

d. What is their tax liability for 2017?

Answer rating: 100% (QA)

Solution a What is the amount of their adjusted gross income Adjusted Gross I... View the full answer