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Based on the following information, what is the 2020 taxable income for a married couple with two children? Total income $120,000 Excludable income 2,000 Doductions

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Based on the following information, what is the 2020 taxable income for a married couple with two children? Total income $120,000 Excludable income 2,000 Doductions for AGI 5,000 Allowable itemized deductions 8,000 585,000 $113,000 $88.200 S105,000 $94,000 Next 30 2018 DD F $ 3 A 96 5 6 7 00 9 E R T Y U o D F G I J K

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