Javiera and Magda are married and file a joint return. They had the following income and deductions for 2019: Salary Interest from savings account Itemized deductions 2018 NOL carried over to 2019 $50,000 2,000 15,000 60,000 If required, use the minus sign to indicate a loss. a. What is Javiera and Magda's taxable income for 2019? (1) Determine taxable income before application of the NOL: Adjusted gross income/loss Less: Standard deduction Taxable income/loss (2) Determine the NOL deduction: x of the 2018 NOL is allowed as a For AGI deduction in 2019 (3) Determine final taxable income: Adjusted gross income/loss Less: Standard deduction Taxable income/loss