Question
Ben and Sara are married taxpayers and file jointly in 2020. They are ages 65 and 67 and in good health. For 2020, they have
Ben and Sara are married taxpayers and file jointly in 2020. They are ages 65 and 67 and in good health. For 2020, they have $52,000 in wages, and $1,500 in interest income. Ben and Sara's deductions for AGI amount to $4,000 and their itemized deductions equal $8,000.
plz answer these questions below:
1. The amount of their adjusted gross income is [ Select ] ["$49,500", "$53,500", "$52,000", "$57,500"] .
2. The amount of their choice of itemized or standard deduction is [ Select ] ["$8,000", "$27,400", "$25,700", "$27,000"] .
3. Their 2020 taxable income is [ Select ] ["$23,800", "$22,100", "$25,100", "$21,200"] .
4. Their 2020 tax is [ Select ] ["$2,367", "$2,257", "$2,700", "$1,940"] .
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