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George and Martha Washington are a happily married couple. George, age 67, and Martha, age 62, have no children. Both spouses are gainfully employed and
George and Martha Washington are a happily married couple. George, age 67, and Martha, age 62, have no children. Both spouses are gainfully employed and will file separate returns. Martha itemizes her deductions. Foghorn reported gross income of $160,446, his deductions for adjusted gross income amounted to $5,932, and his itemized deductions amounted to $1,742. Calculate his taxable income for year 2022
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