Sean and Martha Are Both Over Age 65 and Martha

question 8

Essay

Sean and Martha are both over age 65 and Martha is considered blind by tax law standards.Their total income in 2017 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.

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Definitions:

Stress

A condition of psychological stress or pressure stemming from difficult or challenging situations.

Symptoms

Physical or mental features indicating a condition or disease, experienced by an individual.

Disease

A disorder of structure or function in a human, animal, or plant, especially one that produces specific symptoms or affects a specific location and is not simply a direct result of physical injury.

Differential Diagnosis

A process by which a doctor distinguishes between diseases with similar symptoms to identify the patient's specific illness.