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

question 89

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Tom and Betsy,who are married filing jointly,reported a standard deduction of $12,200 on their 2013 tax return.They paid $500 to the state for income taxes in 2013.In 2014,they received a $125 refund of state taxes paid in 2013.What is the amount that Tom and Betsy need to report on their 2014 tax return?


Definitions:

Pleiotropic Genes

Genes that have an effect on multiple, seemingly unrelated phenotypic traits, reflecting the complexity of gene expression in organisms.

Phenotype

The set of observable characteristics or traits of an organism resulting from the interaction of its genotype with the environment.

Black Hair

A hair color type characterized by the presence of eumelanin, resulting in a darker shade.

Genotype

The genetic makeup of an organism, consisting of both the visibly expressed traits and those not readily observable.

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