Question
Meg and Ryan are married and file a joint return. Recall that the 2023 standard deduction amount for married filing jointly is $27,700. In 2023,
Meg and Ryan are married and file a joint return. Recall that the 2023 standard deduction amount for married filing jointly is $27,700. In 2023, Meg and Ryan realized the following items of income and expense (below). Based on this information, please calculate Meg and Ryan's gross income. \ \ Megs salary $57,000\ Ryans salary $59,000\ Interest paid on credit card debt $1,500\ Cash gift received by Ryan $7,000\ Interest paid on home mortgage $6,500\ Cash contributions to qualified charity $3,000\ State income taxes paid $3,750\ Local real property taxes $2,550\ Net capital loss $5,600\
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