55. LO.3, 8, 11 Bonnie and Jake (ages 35 and 36, respectively) are married with no dependents and live in Montana (not a community property state). Because Jake has large medical expenses, they seek your advice about filing separately to save taxes. Their income and expenses for 2013 are as follows: Bonnies salary $ 42,500 Jakes salary 26,000 Interest income (joint) 1,500 Rental loss from actively managed rental property (23,000) Jakes unreimbursed medical expenses 8,500 All other itemized deductions:* Bonnie 9,000 Jake 3,400 *None subject to limitations Determine whether Bonnie and Jake should file jointly or separately for 2013. Show Income, AGI, Deductions and Amount of Tax Owed under both scenarios