Robert and Anne a married couple filing jointly

By Allen Kazadi

Robert and Anne, a married couple filing jointly, have an adjusted gross income of $68,676. They claim two exemptions, and can deduct $3,752 for charitable donations, $3,375 for interest on their mortgage, and $959 from city income tax. If the standard deduction for a married couple filing jointly is $8,350 and exemptions are worth $3,650 apiece, what is their total taxable income?

Answer:

The total taxable income of Robert and Anne, who file jointly as a married couple, is $53,026.

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