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Options for long blanks: adjusted gross income, gross income, standard deductions, itemized deductions Sonia and Tim are married, have two dependent children, and file a
Options for long blanks:
adjusted gross income, gross income, standard deductions, itemized deductions
Sonia and Tim are married, have two dependent children, and file a joint return in 2018. If they have adjusted gross income (AGI) of $65,000 and itemized deductions of $8,000, what is their taxable income for 2018? (Click the icon to view the standard deduction amounts.) (If an input field is not used, leave the input field(s) empty. Do not select a label or enter a zero.) Minus: Taxable income Choose from any list or enter any number in the input fields and then click Check Answer. Reference Filing Status Married individuals filing joint returns and surviving spouses Heads of households Unmarried individuals (other than surviving spouses and heads of households) Married individuals filing separate returns Additional standard deduction for the aged and the blind $ 24,000 18,000 12,000 12,000 Individual who is married and surviving spouses Individual who is unmarried and not a surviving spouse ,300 ,600 Taxpayer claimed as dependent on another taxpayer's return: Greater of (1) earned income plus $350 or (2) $1,050 *These amounts are $2,600 and $3,200, respectively, for a taxpayer who is both aged and blind. Print DoneStep by Step Solution
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