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Sophia and Juan are married and le jointly. They have 3 children. Their combined wages were $73,100. They received $3,000 from a rental property and
Sophia and Juan are married and le jointly. They have 3 children. Their combined wages were $73,100. They received $3,000 from a rental property and $1,150 in interest. They contributed $3,690 to tax deferred retirement plans. Their deductions totaled $9,620. They are eligible for a $2,500 credit per child. Find their gross income, AGI, and taxable income. (Simplify your answers and round to the nearest cent.) a. Gross income: A b. Adjusted gross income: i, c. Taxable income: 9
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