Mr. and Mrs. Boomer, ages 39 and 41, file a joint return and have no...
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Accounting
Mr. and Mrs. Boomer, ages 39 and 41, file a joint return and have no dependents for the year. Here is their relevant information:
Salaries $47,000
Taxable interest income 5,000
Above-the-line deductions 1,800
Itemized deductions 3,200
Calculate their Adjusted gross income (AGI).
A. AGI $47,000
B. AGI $52,000
C. AGI $50,200
D. None of the above is correct
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