a. What is the Jacksons' taxable income, and what is their tax liability or (refund)? (1) Gross income Description (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Itemized deductions (6) Greater of standard deduction or itemized deductions (7) Deduction for qualified business income (8) Total deductions from AGI (9) Taxable income (10) Income tax liability (11) Other taxes (12) Total tax (13) Credits (14) Prepayments Amount $ 110,000 0 $ 110,000 25,100 16,500 25,100 10,000 < Prev 4 5 of 15 Next >