Question

Bianca and Dave are a married couple filing a joint tax return. They have a combined gross income of 81,031andclaimfourexemptions.Theycanmakeanadjustmentof2,914 for business expenses, an adjustment of 1,939forbusinesslosses,adeductionof4,140 for medical expenses, an adjustment of 4,825forcontributionstotheirretirementfund,andadeductionof2,420 for charitable donations. If exemptions are worth 3,650apieceandthestandarddeductionforajointreturnis8,350, what is their total taxable income?
a. 50,193
b.41,843
c. 48,403
d.52,793

Answer 1

Answer:

In the United States annual assessment framework, balanced gross salary (AGI) is a person's all out gross pay less explicit findings.

Explanation:

Assessable pay is balanced gross pay less recompenses for individual exclusions and organized reasonings. Balanced gross salary is an alteration of gross pay in the United States assessment code.

Net pay is basically the total of everything an individual acquires in a year, which may incorporate wages, profits, divorce settlement, capital increases, intrigue salary, eminences, rental pay and retirement circulations.

Answer 2

Answer:$48,403

Explanation: