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Andy and Marcia Tufts, both age 35, are married with two dependent children and file a joint return. From the following information compute their taxable

Andy and Marcia Tufts, both age 35, are married with two dependent children and file a joint return. From the following information compute their taxable income for 2013. Andys salary 50,000 Marcias salary 42,000 Andys contribution to IRA( Assume IRA is deductible for AGI) 2,000 Dividends received from domestic corp(Assume qualified) 950 Medical expenses for doctors and hospitals 8,200 Premiums for health insurance 2,600 Prescription drugs and medicines 800 Eyeglasses for one of the children 175 Interest on home mortgage 7,800 Interest on credit cards(It isnt deductible. Is it included anywhere?) 300 Real Property taxes on residence 2,300 State income taxes 2,800 Fee for preparation of tax returns 125 Union Dues and subscription 480

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