John and Kate are 67 and 60, respectively. John is blind. They file a joint return. They have itemized deductions totaling $25,000.00.

Their sources of income and deductions are:

Wages-----------------------------------------------------$210,000.00

Interest from savings accounts------------------------ 10,000.00

Interest from NY qualified bonds--------------------- 8,000.00

Gift from Kates dad-------------------------- 20,000.00

Prize won on a game show----------------------------- 750.00

Determine John and Kates:

• Standard Deduction

• AGI

• Taxable Income

• Tax Liability