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Tom and Betsy,who Are Married Filing Jointly,reported a Standard Deduction

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Tom and Betsy,who are married filing jointly,reported a standard deduction of $12,600 on their 2016 tax return.They paid $500 to the state for income taxes in 2016.In 2017,they received a $125 refund of state taxes paid in 2016.What is the amount that Tom and Betsy need to report on their 2017 tax return?


Definitions:

Blood Plasma

The liquid component of blood that carries cells and proteins throughout the body, comprising about 55% of total blood volume.

Formed Elements

Components of the blood, including red blood cells, white blood cells, and platelets, that are crucial for oxygen transport, immune response, and clotting.

Leukocytes

White blood cells that are part of the immune system, involved in protecting the body against both infectious disease and foreign invaders.

Platelets

Small blood cells that play a crucial role in blood clotting and wound repair.

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