Question

When filing jointly, Melvin and Sylvia have a standard deduction of $11,400, they can claim one exemption for each of them for $3650 each, and they don't have any additional adjustments to income. What is their taxable income?

Answer 1

 add standard deduction and exemption: 5700 + 3650 = 9350

 subtract from each of their incomes and that will be the taxable income:

 Melvin: 44500 - 9350 = 35150 taxable income

Sylvia: 51200 - 9350 = 41850 taxable income

Answer 2

Answer:

Melvin had a gross income of $44,500 last year, while Sylvia had a gross income of $51,200

Step-by-step explanation:

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