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Diego, age 28, married Dolores, age 27, in 2020. Their salaries for the year amounted to $87,100 and they had interest income of $2,025. Diego

Diego, age 28, married Dolores, age 27, in 2020. Their salaries for the year amounted to $87,100 and they had interest income of $2,025. Diego and Dolores' deductions for adjusted gross income amounted to $3,080; their itemized deductions were $17,550, and they have no dependents.

Table for the standard deduction

Filing Status Standard Deduction
Single $12,400
Married, filing jointly 24,800
Married, filing separately 12,400
Head of household 18,650
Qualifying widow(er) 24,800

Click here to access the tax tables.

a. What is the amount of their adjusted gross income?

b. In order to minimize taxable income, Diego and Dolores will take the standard deduction in the amount of

c. What is the amount of their taxable income? d. What is their tax liability for 2020?

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