Question: Sam is married and files a joint return with his spouse, Lana. Both Sam and Lana are 67 years old. Their combined gross income was
Sam is married and files a joint return with his spouse, Lana. Both Sam and Lana are 67 years old. Their combined gross income was $30,000. What is their taxable income? Are they required to file a tax return?
A. A. Their taxable income is $0. They are not required to file a return.
B. B. Their taxable income is $2200. They are required to file a return.
C. B. Their taxable income is $4,900. They are required to file a return.
D. D. Their taxable income is $28,300. They are required to file a return.
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