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Alan and Sara Winthrop are a married couple who file a joint income tax return. They have two children, so they claim a total of
Alan and Sara Winthrop are a married couple who file a joint income tax return. They have two children, so they claim a total of 4 exemptions. In addition, they have legitimate itemized deductions totaling $25,750. Their total income from wages is $220,700. What is the couples taxable income? a. $196,850 b. $204,000 c. $146,750 d. $189,700 e. $178,950
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