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Mr. and Mrs. Liddy, ages 39 and 41, file a joint retum and have no dependents for the year. Here is their relevant information

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Mr. and Mrs. Liddy, ages 39 and 41, file a joint retum and have no dependents for the year. Here is their relevant information Salaries Dividend income $47.000 5,000 Above the line deductions 1,800 temized deductions 3.200 Compute their adjusted gross income (AGI) and taxable income AGI $50.200; taxable income $29,600 AGI $52.000; taxable income $31,400 AGI $52,000, taxable income $39,000 AGI $50,200, taxable income $39,000

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