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Ernie (age 68) and his wife Clarissa (age 70) file a joint return. They furnish all of the support of Jeff (Ernies 90-year old father)
Ernie (age 68) and his wife Clarissa (age 70) file a joint return. They furnish all of the support of Jeff (Ernies 90-year old father) who lives with them. In 2019, the couple received interest and dividend income on corporate stocks and bonds of $50,000 and $6,000 of interest from government municipal bonds. Compute Ernie and Clarissas taxable income for 2019.
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