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Bryce (age 68) and his wife Savannah (age 70) file a joint return. They furnish all of the support of Luther (Bryce's 90 year old
Bryce (age 68) and his wife Savannah (age 70) file a joint return. They furnish all of the support of Luther (Bryce's 90 year old father) who lives with them. In 2021, the couple received a $6,000 of interest income on city of Chicago bonds and interest and dividend income on corporate stocks and bonds of $50,000. Compute Bryce and Savannah's taxable income for 2021.
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