What is the 2016 adjusted gross income and taxable income, Financial Accounting

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What is the 2016 adjusted gross income and taxable income

What is the 2016 adjusted gross income and taxable income for Bill and Lola, a married couple, with two dependent children, based on the following information?

Bill wages 50,000

Lila wages 40,000

Google dividend income 2,000

US Treasury note interest income 1,000

Montogomery County bond interest income 500

Lola hobby: revenue 5,000, Exoenses 7,000

Long term Capital loss 4,000

Deductions for AGI (not including any amounts from the information provided) 5,000

Lola deductible IRA contribution 4,000

Deductions from AGI (not including any amounts from the information provided) 8,000.

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Financial Accounting: What is the 2016 adjusted gross income and taxable income

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Financial Accounting: What is the 2016 adjusted gross income and taxable income

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