Note: The New Tax Law (Appendix: The Tax Cuts and Jobs Act of 2017) Problem 1: A married couple filing a joint return has hired a tax accountant. They have provided the following information: - Salary of $325,000 - Received $22,000 of dividend income. - Received $1,250 of interest income from bank savings account. - Received $14,750 of interest income from Netflix bonds. - Received $5,000 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $7,500. - Municipal bond interest income of $13,500. - Itemized deductions are $31,500. - Standard deduction is $24,000. Note: The New Tax Law (Appendix: The Tax Cuts and Jobs Act of 2017) Problem 1: A married couple filing a joint return has hired a tax accountant. They have provided the following information: - Salary of $325,000 - Received $22,000 of dividend income. - Received $1,250 of interest income from bank savings account. - Received $14,750 of interest income from Netflix bonds. - Received $5,000 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $7,500. - Municipal bond interest income of $13,500. - Itemized deductions are $31,500. - Standard deduction is $24,000