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Kanye earns $84,600 & Amanda earns $91,872 in gross income during 2022. During 2022, Kanye placed $10,000 of his gross income into a pre-tax retirement
Kanye earns $84,600 & Amanda earns $91,872 in gross income during 2022. During 2022, Kanye placed $10,000 of his gross income into a pre-tax retirement account. Amanda placed $2,850 of her gross income in a pre-tax FSA (Flexible Spending Account) for medical expenses. Ken and Amanda are legally married, and they plan to file their taxes together jointly. For Part 1, assume this married couple will apply the standard deduction to their joint income. First, determine the couple's filing status. Use Tables 1 & 2 below as needed. What is the couple's joint........ 1) Adjusted gross income for 2022? 2pt 2) Taxable income for 2022? 2pt 3) How much will the couple pay in federal income taxes for 2022? 4pts
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