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Cameron and Christie have salaries of $18,000 and $20,000, respectively. Their itemized deductions total $8,800. They are married and both are under age 65. (Click
Cameron and Christie have salaries of $18,000 and $20,000, respectively. Their itemized deductions total $8,800. They are married and both are under age 65.
(Click the icon to view the standard deduction and personal and dependency exemption amounts.)
Requirements
a. | Compute their taxable income assuming they file jointly. |
b.
| Compute their taxable incomes assuming they file separate returns and that Christie claims all of the itemized deductions. |
(Assume 2017 for the current year.)
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