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K This question: 1 po Find the gross income, the adjusted gross income, and the taxable income. Base the taxable income on the greater
K This question: 1 po Find the gross income, the adjusted gross income, and the taxable income. Base the taxable income on the greater of a standard deduction or an itemized deduction. The taxpayers are married, filing jointly, earned wages of $53,600 and $49,300, and received $3200 in taxable income from investments. They contributed a total of $8600 to tax-deferred retirement plans. The interest on their home mortgage was $3875, they contributed $540 to charity, and they paid $2775 in state taxes. Click the icon to view the 2021 marginal tax rates and standard deductions. The gross income is $. (Simplify your answer.) The adjusted gross income is $ . (Simplify your answer.) The taxable income is $. (Simplify your answer.)
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