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Peggy and Clyde Wagner have an AGI of $65,000 for 2018. Their expenses for 2018 are: Prescription drugs Interest on home mortgage Doctor and dental
Peggy and Clyde Wagner have an AGI of $65,000 for 2018. Their expenses for 2018 are: Prescription drugs Interest on home mortgage Doctor and dental bills paid Hospital bills paid Property taxes paid on home State Income Taxes withheld from wages Safe deposit box rental Interest on automobile loan Credit Card Interest paid Medical Insurance Premiums Eyeglasses for Peggy Fair Market Value of TPP, Inc stock donated to church Union Dues paid by Clyde Cash contributions to church Tax preparation fee S 4,580 9,700 2,700 1,900 3,650 2.700 360 1.750 500 2,600 565 2,800 720 2,800 450 Both Peggy and Clyde are under 40 and have lived in Oregon for the entire year. They have four children, ages 8, 10, 14 and 17. They will file a joint income tax return for this year Calculate their total itemized deductions What is their taxable income? a
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