3. Mr. and Mrs. Denton, both over the age of 65, file a joint return. They have wages of $30,000, dividends of $6,000, municipal bond interest of $3,000 and received $10,000 for the sale of stock that they bought for $4,000 in 2001. They made a $3,000 contribution to their Roth IRA, paid $4,100 in deductible mortgage interest and real estate taxes and made a $2,500 charitable contribution. What is their gross income, adjusted gross income, and taxable income?
Paper#20438 | Written in 18-Jul-2015Price : $22