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Ian, age 50, and Hanna, age 49, are married taxpayers who file a joint return for 2022. They have gross income of $150,700. Their deductions
Ian, age 50, and Hanna, age 49, are married taxpayers who file a joint return for 2022. They have gross income of $150,700. Their deductions for adjusted gross income are $5,100, and they have itemized deductions of $18,000, consisting of $10,000 in state income taxes and SS,000 in mortgage interest expense. If they have no dependents for 2022, calculate the following amounts a. Their adjusted gross income b. the greater of the amount of their standard deduction or their stemized dedictions c. Their taxable income
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