In 2014 Carol and Robert Have Salaries of $35,000 and $27,000,respectively.Their

question 28

Essay

In 2014 Carol and Robert have salaries of $35,000 and $27,000,respectively.Their itemized deductions total $8,000.They are married,under 65,and live in a common law state.
a.Compute their taxable income assuming that they file a joint return.
b.Compute their taxable income assuming that they file separate returns and that Robert claims all of the itemized deductions.

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Definitions:

Tax Payment

The process of making payments to a government authority for income earned, sales completed, or property owned.

Tax Revenue

The income that is gained by governments through taxation.

Anti-Obesity

Pertaining to efforts or measures aimed at preventing or reducing obesity through lifestyle, medical, or societal interventions.

Excise Tax

A tax applied specifically to the sale of certain goods, often including alcohol, tobacco, and fuels.