Business, 11.12.2019 01:31 yunilka28

Bob and allie katz are a married couple with three children. their wages for 2015 totaled $125,400 with an additional $200 in interest income. they have calculated their itemized deductions to be $33,700 and also realized a short-term capital gain of $2,600. they sold stock for $13,000 in 2015 which had been purchased in 2007 for $10,000. for the year, bob and allie have paid $24,600 in federal taxes. they are also eligible for a tax credit of $500. combined, they contributed $10,000 into their roth ira’s. what is their taxable income?

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Bob and allie katz are a married couple with three children. their wages for 2015 totaled $125,400 w...

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