Mr and Mrs. Franklin, ages, 30 and 29, file a joint tax return for 2022 and have no dependents. They have the following information:

Wages $165,500

Dividend income $ 2,200

Above the line deductions $ 6,250

Itemized deductions $ 22,400

Compute their adjusted gross income (AGI)and their taxable income.

	a.	AGI $167,700; taxable income $145,300
	b.	AGI $161,450; taxable income $139,050
	c.	AGI $161,450; taxable income $135,550
	d.	AGI $173,950; taxable income $148,850