How do you calculate gross income for a married couple? Wife is a student, husband works full time. Is the calculation different for gross income, adjusted income, and taxable income? The problem states that because they are husband and wife, they are eligible to file a joint return.

Husbands salary: $165,000

wife salary: $23,000

proceeds from the sale of stock purchased 2 years earlier for $1,000: $1,800

damages received for personal injury: $12,000

car loan: $6,000

interest on bank savings account: $300