Diego, age 28, married Dolores, age 27, in 2014. Their salaries for the year amounted to $46,479 and they had interest income of $3,500. Diego and Dolores’ deductions for adjusted gross income amounted to $1,900, their itemized deductions were $10,172, and they claimed two exemptions on their return.
a. What is the amount of their adjusted gross income? $ _____________
b. What is the amount of their itemized deductions or standard deduction? $ _____________
c. What is the amount of their taxable income? $ _____________
d. What is their tax liability for 2014? $ _____________