Jason, age 50, and Angel, age 47, are married. Jason received a W-2 and Angel...
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Jason, age 50, and Angel, age 47, are married. Jason received a W-2 and Angel operated a business. Jasons W-2 showed $59,000 and he was laid off at the end of the year, so he collected unemployment of $6,200. Angels Schedule C had a profit of $5,000 so she had self-employment tax of $382.50. Jason put the maximum amount into his Roth IRA and Angel put the maximum into her traditional IRA. What is their taxable income
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