4. Calculating taxable income The 2019 standard deduction is $12,200 for unmarried taxpayers or married taxpayers filing separately, $24,400 for married taxpayers filing jointly, and $18,350 for taxpayers filing as head of household. Calculating Austin and Joseph's Taxable Income Austin and Joseph are a married couple filing jointly. Calculate Austin and Joseph's 2019 taxable income by filling in the worksheet. Enter adjustments and deductions as negative numbers. If your answer is zero, enter "0". Austin and Joseph will earn $80,965 in wages this year. Joseph contributed $3,000 to an IRA. Austin and Joseph take the larger of their itemized deductions or the standard deduction. They paid mortgage interest of $8,600. The loan on their home is less than $750,000. Their state and local taxes were $9,000. They donated $10,000 to a qualified charity. 2019 Taxable Income Gross income Less: Adjustments to income Adjusted gross income Less: Deductions Taxable income M FREE NO You hold t this story-