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Stella and Joseph are married with 4 children. They are filing taxes jointly. They have a gross income of $168,416, and they made the following
Stella and Joseph are married with 4 children. They are filing taxes jointly. They have a gross income of $168,416, and they made the following tax-deductible purchases:
Charitable contributions: $2,754 Medical expenses: $6,267 Student loan interest: $1,755
Compute their final income tax using the information below.
Round your answer to the nearest dollar.
Standard deduction for married filers: $25,100
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