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29. Jane and Ed Rochester are married with a two-year-old child who lives with them and whom they support financially. In 2017, Ed and Jane
29. Jane and Ed Rochester are married with a two-year-old child who lives with them and whom they support financially. In 2017, Ed and Jane realized the following items of income and expense: Item Amount $35,000 Ed's Salary Jane's Salary 34,400 Alimony paid (for AGI deduction) (7,000) Real property tax (from AGI deduction) (10,000) They also qualified for a $1,000 tax credit. Their employers withheld $1,800 in taxes from their paychecks (in the aggregate). Finally, the 2017 standard deduction amount for Married Filing Jointly taxpayers is $12,700 and the 2017 exemption amount is $4,050. What are the couple's taxable income for 2017 (15 Points) Enter your
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