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James Brown and Lisa Scott are married. James Brown earns $15,000 from his salary Lisa Scott earns $75,000 from he r salary They received interest
James Brown and Lisa Scott are married. James Brown earns $15,000 from his salary Lisa Scott earns $75,000 from he r salary They received interest of $350 from municipal bonds from the City of Dallas. They also receive interest of S500 from corporate bonds from Boeing Inc. James contributed S3,500 to an individual retirement account and he also paid alimony to a prior spouse in the amount of $2,500 (in a divorce agreement signed and finalized prior to 1/1/2019.) James and Lisa have a 12-year-old daughter, Cece, who lived with them throughout the entire year. James and Lisa areallowedto claim a $2,000 child tax credit for . James and Lisa paid S6,000 of expenditures that qualify as itemized deductions and they had a total of S5,500 in federal income taxes withheld from their paychecks during the course of the year. a. What is James and Lisa's gross income? b. What is James and Lisa's adjusted gross income? c. What is the total amount of James and Lisa's deductions from AGI? d. What is James and Lisa's taxable income? e. What is James and Lisa's taxes payable or refund due for the year
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