Buddy and Hazel are ages 72 and 71, respectively, and file a joint return. In 2021 they have taxable retirement income of $100,000 and itemized deductions of $20,000. Their taxable income is Oa. $100,000 O b. $80,000 O c. $74,900 O d. $72,200 QUESTION 3 During 2021, Marvin had the following transactions: Earned wages per W-2 $50,000 Bank loan $10,000 Alimony paid (divorce was finalized in 2020) $12,000 Net short term capital loss $4,000 Gift from aunt $2,000 Marvin's AGI is: Oa. $32,000. O b. $46,000. O c. $47,000. O d. $50,000