Use year 2022

The tax year is 2022

10. Jane and Ed Rochester are married with a two-year-old child who lives with them and whom they support financially. Ed and Jane realized the following items of income and expense: Their employers withheld $8,800 in federal income taxes and $3,700 state income tax from their paychecks (in the aggregate). Please answer the following questions: a. What is the couple's gross income? b. What is the couple's adjusted gross income (AGI)? c. What is the couple's itemized deduction? d. What is the couple's taxable income