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Calculate Taxable Income for Samantha and Stuart Smith based on the following Information The Smiths are married and file a joint return Salary $200.000 State

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Calculate Taxable Income for Samantha and Stuart Smith based on the following Information The Smiths are married and file a joint return Salary $200.000 State of Tennessee Bond Interest $10,000 Found gold coin worth $5,000 at the beach Inherited $20,000 Relative repaid loan of $10,000 Capital Loss $2,000 Sole proprietorship income $40,000 Contribution to HSA $5,000 Mortgage Interest $60,000 Mortgage was signed in May 2018. Mortgage indebtedness $1,200,000 Alimony paid $30,00 divorce decree signed in 2013 Legal settlement Samantha broke her foot in a car accident $50,000 Life insurance proceeds paid upon Stuart's great grandfathers death.$10,000 Gift received $20,000 Lottery winnings $10,000 Real estate taxes paid $20,000 Charitable contribution $10,000 to American Kidney Association Dividends received $5,000 Partnership loss $10,000 Rental income $5,000 State income taxes paid $20,000 Medical expenses $40,000 Student loan interest $2,000 Penalty for early withdrawal from a timed savings account $1,000 Won $10,000 in a golf tournament. Unemployment compensation $10,000 S Corp. income $5,000 Treasury Bond Interest $10,000 Contribution to qualified retirement plan $2,000

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