Calculating taxable income for a married couple filing jointly Ethan and Zoe wilson are marriled and have one child. Ethan is putting together some figures so that he can prepare the wilson's joint 2014 tax return. He can clalm three personal exemptions (including himself). So far, he's been able to determine the following with regard to income and possible deductions: Total unreimbursed medical e xpenses $1,155 Gross wages and commissions earned 50,770 5,000 Mortgage interest paid Capital gains realized on assets held less than 12 months Income from limited partnership Job expenses and other allowable 1,450 Interest paid on credit cards Dividend and interest Income earned Sales taxes paid Capital losses realized Interest paid on a car loan Alimony paid by Ethan to his first wife Social Security taxes paid Property taxes paid State income taxes paid 5,900 1,800 Given this information, how much taxable income will the Wilsons have in 2014? (Note: Assume that Ethan is covered by a pension plan where he works, the standard deduction of $12,400 for married filing jointly applies, and each exemption claimed is worth $3,950.) Do not round your intermediate calculations. Financial Planning Exercise 6 Calculating taxable incomne for a married couple filing jointly Ethan and Zoe Wilson are married and have one child. Ethan is putting together some figures so that he can prepare the Wilson's joint 2014 tax return. He can claim three personal exemptions (including himself). So far, he's been able to determine the following with regard to income and possible deductions: medical expenses $1,155 Gross wages and commissions earned 50,770 5,000 5,300 Martgage interest paid Capital gains realized on assets held less than 12 months Income from limited partnership Job expenses and other allowable Interest paid on credit cards Dividend and interest income earned Sales taxes paid Charitable contributions made Capital losses realized Interest paid on a car loan Alimony paid by Ethan to his first wife Social Security taxes paid Property taxes paicd State income taxes paid 5,900 Glven this information, how much taxable income will the wilsons have in 20147 (Note: Assume that Ethan is covered by a pension plan where he works, the standard deduction of $12,400 for married filing jointly applies, and each exemption clalmed is worth $3,950.) Do not round your intermediate calculations. Calculating taxable income for a married couple filing jointly Ethan and Zoe wilson are marriled and have one child. Ethan is putting together some figures so that he can prepare the wilson's joint 2014 tax return. He can clalm three personal exemptions (including himself). So far, he's been able to determine the following with regard to income and possible deductions: Total unreimbursed medical e xpenses $1,155 Gross wages and commissions earned 50,770 5,000 Mortgage interest paid Capital gains realized on assets held less than 12 months Income from limited partnership Job expenses and other allowable 1,450 Interest paid on credit cards Dividend and interest Income earned Sales taxes paid Capital losses realized Interest paid on a car loan Alimony paid by Ethan to his first wife Social Security taxes paid Property taxes paid State income taxes paid 5,900 1,800 Given this information, how much taxable income will the Wilsons have in 2014? (Note: Assume that Ethan is covered by a pension plan where he works, the standard deduction of $12,400 for married filing jointly applies, and each exemption claimed is worth $3,950.) Do not round your intermediate calculations. Financial Planning Exercise 6 Calculating taxable incomne for a married couple filing jointly Ethan and Zoe Wilson are married and have one child. Ethan is putting together some figures so that he can prepare the Wilson's joint 2014 tax return. He can claim three personal exemptions (including himself). So far, he's been able to determine the following with regard to income and possible deductions: medical expenses $1,155 Gross wages and commissions earned 50,770 5,000 5,300 Martgage interest paid Capital gains realized on assets held less than 12 months Income from limited partnership Job expenses and other allowable Interest paid on credit cards Dividend and interest income earned Sales taxes paid Charitable contributions made Capital losses realized Interest paid on a car loan Alimony paid by Ethan to his first wife Social Security taxes paid Property taxes paicd State income taxes paid 5,900 Glven this information, how much taxable income will the wilsons have in 20147 (Note: Assume that Ethan is covered by a pension plan where he works, the standard deduction of $12,400 for married filing jointly applies, and each exemption clalmed is worth $3,950.) Do not round your intermediate calculations