The following information is available for Bob and Brenda Horton,a married couple filing a joint return,for 2015.Both Bob and Brenda are age 32 and have no dependents. 
a.What is the amount of their gross income?
b.What is the amount of their adjusted gross income?
c.What is the amount of their taxable income?
d.What is the amount of their tax liability (gross tax)?
e.What is the amount of their tax due or (refund due)?
Definitions:
Cooling Capacity
Cooling capacity is the measure of a cooling system's ability to remove heat. It's often measured in BTUs (British Thermal Units) or watts.
Reefer Units
Refrigeration units used in transportation, specifically designed to control the temperature of perishable goods in containers or trailers during shipping.
Btus
British Thermal Units, a unit of heat used to describe the power of heating and cooling systems, such as air conditioners and furnaces.
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