The Tax Formula for Individuals $($LO $1\mathrm{.}3)$

Rahul and Ruby are married taxpayers. They are both under age $65$ and in good health. For $2022,$ they have a total of $$42,000$ in wages and $$300$ in interest income. Rahul and Ruby's deductions for adjusted gross income amount to $$6,000$ and their itemized deductions equal $$18,700.$ They have two children, ages $32$ and $28,$ that are married and provide support for themselves.

Table for the standard deduction

Filing Status Standard Deduction

Single $$12,950$

Married, filing jointly $25,900$

Married, filing separately $12,950$

Head of household $19,400$

Surviving spouse $25,900$

Question Content Area

a$.$ What is the amount of Rahul and Ruby's adjusted gross income?

fill in the blank $1$ of $1$$

Question Content Area

b$.$ In order to minimize taxable income, Rahul and Ruby will

in the amount of fill in the blank $1$ of $1$$

$.$

Question Content Area

c$.$ What is their taxable income?

fill in the blank $1$ of $1$$