Q

Find the gross income, the adjusted gross income, and the taxable income. Base the taxable income on the greater of a standard deduction or an itemized deduction.

The taxpayers are married, filing jointly, earned wages of $$57,600$ and $$49,400,$ and received $$3200$ in taxable income from investments. They contributed a total of $$8500$ to tax$-$deferred retirement plans. The interest on their home mortgage was $$3885,$ they contributed $$580$ to charity, and they paid $$2825$ in state taxes.

Click the icon to view the $2021$ marginal tax rates and standard deductions.

The gross income is $

$($Simplify your answer.$)$