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4 10s Save A Jim, age 50, and Martha, age 40, are manned with three dependent children. They file a joint return for 2021 Their
4 10s Save A Jim, age 50, and Martha, age 40, are manned with three dependent children. They file a joint return for 2021 Their income from sales the 300.500 and they d $10,135 interest $5.000 an royalties, and $3,000 in other ordinary income Jim and Martha's deductions for adjusted gross income amount to $3,200, and they have mind ductions ng $27,200 Tax withheld in their salaries $3.300 Calculate the following amounts 1. Gre income $ 2. Adjusted gross income S 3. Itemized deduction or standard deduction amount S 4. Taxable Income $ 4. Tasable income $ 5. Applied all credits $ 6. Income tax liability or refund 7
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