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Business, 24.09.2020 14:01 hhhhhhhhhhhhhhh1509

Jason and Mary are married taxpayers in 2019. They are both under age 65 and in good health. For 2019 they have a total of $41,000 in wages and $700 in interest income. Jason and Mary's deductions for adjusted gross income amount to $5,000 and their itemized deductions equal $18,700. They have two children, ages 32 and 28, that are married and provide support for themselves. Table for the standard deduction
Filing Status 2017 Standard Deduction
Single $6,350
Married, filing jointly 12,700
Married, filing separately 6,350
Head of household 9,350
Qualifying widow(er) 12,700
A. What is the amount of Jason and Mary's adjusted gross income?
B. In order to minimize taxable income, Jason and Mary will take the standard deduction in the amount of $.
C. What is their taxable income?

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