Your clients, who file MFJ, are both 47 years old, and have the following items...
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Your clients, who file MFJ, are both 47 years old, and have the following items of income and expense for the current tax year (2023). - Wages: $90,000 - Interest: $1,000 - Inheritance: $50,000 - Alimony paid: $10,000 (2017 divorce decree) - Child support paid: $6,000 - Federal taxes paid: $7,000 - State taxes paid: $2,400 - Medical expenses: $8,000 What is their taxable income? A. $36,700. B. $47,300. C. $53,300. D. $81,000. A B C D
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