etail SOC Chapter 1 Homework Problem 1-3 (Algorithmic) The Tax Formula for Individuals (LO 1.3) Rahul and Ruby are married taxpayers. They are both under age 65 and in good health. For 2022, they have a total of $125,300 In wages and $155 in interest Income. Rahul and Ruby's deductions for adjusted gross Income amount to $3,730 and their itemized deductions equal $15,410. They have two children, ages 32 and 28, that are married and provide support for themselves. Table for the standard deduction Filing Status Single Married, filing jointly Married, filing separately Head of household Surviving spouse a. What is the amount of Rahul and Ruby's adjusted gross income? 121,725 Standard Deduction $12,950 25,900 12,950 19,400 25,900 b. In order to minimize taxable income, Rahul and Ruby will itemized their deductions C. 2 What is their taxable income? A MacBook Air W in the amount of $ WIT 15,410