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Diego, age 28, married Dolores, age 27, in 2018. Their salaries for the year amounted to $47,230 and they had interest income of $3,500. Diego

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Diego, age 28, married Dolores, age 27, in 2018. Their salaries for the year amounted to $47,230 and they had interest income of $3,500. Diego and Dolores' deductions for adjusted gross income amounted to $2,000, their itemized deductions were $16,000, and they have no dependents What is the amount of their adjusted gross income? 1. $48,730- (47,2300+3,500)-2000 What is the amount of their itemized deductions or standard deduction? 2. $24,000 What is the amount of their taxable income? 3. $24,730 What is their tax liability for 2018? 4

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