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Part II Income Tax Computation ( 2 5 points ) Quentin and Rachel are married and file a joint return. They both turned 6 7

Part II Income Tax Computation (25 points)
Quentin and Rachel are married and file a joint return. They both turned 67 years old in 2023.
Their 2023 income consisted of the following:
Taxable private pensions $35,000
Interest on corporate bonds 8,000
Interest on Pennsylvania highway bonds 1,000
Social Security benefits 14,000
They do not itemize their deductions.
a. How much private pension income is included in their 2023 gross income?
b. How much interest income is included in their 2023 gross income?
c. How much Social Security income is included in their 2023 gross income?
d. What is their 2023 adjusted gross income?
e. What is their 2023 standard deduction?
f. What is their 2023 taxable income?
g. What is their 2023 income tax?

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