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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:
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.
- How much private pension income is included in their 2023 gross income?
- How much interest income is included in their 2023 gross income?
- How much Social Security income is included in their 2023 gross income?
- What is their 2023 adjusted gross income?
- What is their 2023 standard deduction?
- What is their 2023 taxable income?
- What is their 2023 income tax?
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