Sean and Martha Are Both Over Age 65 and Martha

question 61

Essay

Sean and Martha are both over age 65 and Martha is considered blind by tax law standards.Their total income in 2015 from part-time jobs and interest income from a bank savings account is $60,000.Their itemized deductions are $12,000.
Required: Compute their taxable income.

---

Definitions:

Atopic

Related to atopy, a genetic predisposition toward developing allergic hypersensitivity reactions such as eczema, asthma, or hay fever.

Onycholysis

The separation of the nail from the nail bed, a symptom that can be caused by trauma, infection, or systemic disease.

Nail

Keratinous extensions at the end of fingers and toes, serving protection and enhancing tactile function.

Detachment

The state or condition of being separate or disconnected from something, often used in a psychological or emotional context.