Question content area top Part 1 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 $57,500 and $47,3000, and received $3100 in taxable income from investments. They contributed a total of $8800 to tax-deferred retirement plans. The interest on their home mortgage was $3875, they contributed $ 580 to charity, and they paid 2925 in state taxes.

Find: The gross income is $ Part 2 The adjusted gross income is $ Part 3 The taxable income is