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help? 9. The information that follows applies to the current year for Revis and Patrica, a married couple. Revis is employed as a shoe salesman;
help? 9. The information that follows applies to the current year for Revis and Patrica, a married couple. Revis is employed as a shoe salesman; his compensation is $65,000. Patrica is employed as an interior designer; her compensation is $90,000. Revis and Patrica have total allowable itemized deductions of $15,000. Revis and Patrica have two dependent children. Revis and Patrica have other economic income as follows: - Interest on U.S. Treasury bonds $1,000. - Interest on French government bonds $750. - Interest on City of Miami, Fla. bonds $1,200. - Patrica won $500 from the state lottery - Revis's wealthy uncle dies and leaves him $10,000. - Patrica sold Revis's baseball card collection for $3,000. Revis bought it for $800. - Patrica sells Revis's fishing boat for $2,000. Revis had purchased the boat for $2,500. Based on the above information, what is Revis and Patrica's taxable income? a. $129,450 b. $129,950 C. $129,650 d. $144,450 e. $159.450 9. The information that follows applies to the current year for Revis and Patrica, a married couple. Revis is employed as a shoe salesman; his compensation is $65,000. Patrica is employed as an interior designer; her compensation is $90,000. Revis and Patrica have total allowable itemized deductions of $15,000. Revis and Patrica have two dependent children. Revis and Patrica have other economic income as follows: - Interest on U.S. Treasury bonds $1,000. - Interest on French government bonds $750. - Interest on City of Miami, Fla. bonds $1,200. - Patrica won $500 from the state lottery - Revis's wealthy uncle dies and leaves him $10,000. - Patrica sold Revis's baseball card collection for $3,000. Revis bought it for $800. - Patrica sells Revis's fishing boat for $2,000. Revis had purchased the boat for $2,500. Based on the above information, what is Revis and Patrica's taxable income? a. $129,450 b. $129,950 C. $129,650 d. $144,450 e. $159.450
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