Jason and mary are married taxpayers in 2013 they are both


Question - Jason and Mary are married taxpayers in 2013. They are both under age 65 and in good health. For this tax year, they have a total of $76,900 in wages and $750 in interest income. Jason and Mary's deductions for adjusted gross income amount to $5,430 and their itemized deductions equal $3,210. They claim two exemptions for the year on their joint tax return.

a. What is the amount of Jason and Mary's adjusted gross income?

b. What is their 2013 taxable income?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Jason and mary are married taxpayers in 2013 they are both
Reference No:- TGS02382653

Now Priced at $20 (50% Discount)

Recommended (91%)

Rated (4.3/5)