Steve and Mary, each age 50, have 2 qualifying children, ages 13 and 15. In 2021, they had a gross income of $200,000, and adjustments to gross income of $10,000, so AGI = $190,000. They will file their federal income tax return as married filing a joint return. What is their taxable income?

Answer rating: 100% (QA)

Answer Their taxable income is 164900 And their tax liabilit... View the full answer