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Diego, age 28, married Dolores, age 27, in 2018. Their salaries for the year amounted to $49,300 and they had interest income of $875. Diego
Diego, age 28, married Dolores, age 27, in 2018. Their salaries for the year amounted to $49,300 and they had interest income of $875. Diego and Dolores' deductions for adjusted gross income amounted to $1,660; their itemized deductions were $13,425, and they have no dependents.
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a. What is the amount of their adjusted gross income? $
b. In order to minimize taxable income, Diego and Dolores will ______ in the amount of $.
c. What is the amount of their taxable income? $
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