Q Find the gross income, the adjusted gross income, and the taxable income....
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Find the gross income, the adjusted gross income, and the taxable income. Base the taxable income on the greater of a standard deduction or an itemized deduction.
The taxpayers are married, filing jointly, earned wages of $ and $ and received $ in taxable income from investments. They contributed a total of $ to taxdeferred retirement plans. The interest on their home mortgage was $ they contributed $ to charity, and they paid $ in state taxes.
Click the icon to view the marginal tax rates and standard deductions.
The gross income is $
Simplify your answer.
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