Question
Diego, age 28, married Dolores, age 27, in 2019. Their salaries for the year amounted to $47,230 and they had interest income of $3,500. Diego
Diego, age 28, married Dolores, age 27, in 2019. 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.
| Filing Status | Standard Deduction | |
| Single | $ 12,200 | |
| Married, filing jointly | 24,400 | |
| Married, filing separately | 12,200 | |
| Head of household | 18,350 | |
| Qualifying widow(er) | 24,400 | |
What is their tax liability for 2019?
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Managerial Accounting A Focus on Ethical Decision Making
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
5th edition
978-0324663853
