Question: Norm and Pat, a married couple filing a joint return, have the following sources of income: Wages $35,000 Interest income 4,000 Dividend income 3,000 Social

Norm and Pat, a married couple filing a joint return, have the following sources of income:

Wages

$35,000

Interest income

4,000

Dividend income

3,000

Social Security benefits

9,000

Both Norm and Pat are over 65 years of age. Determine their taxable income.

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