The following information is available for Bob and Brenda Horton,a married couple filing a joint return,for 2014. Both Bob and Brenda are age 32 and have no dependents.
a.What is the amount of their gross income?
b.What is the amount of their adjusted gross income?
c.What is the amount of their taxable income?
d.What is the amount of their tax liability (gross tax)?
e.What is the amount of their tax due or (refund due)?
Definitions:
Griswold v. Connecticut
A landmark 1965 Supreme Court case that ruled state bans on contraceptive use by married couples were unconstitutional, citing privacy rights inferred from the Constitution.
Roe v. Wade
A landmark decision by the U.S. Supreme Court in 1973 that recognized a woman's legal right to an abortion under the U.S. Constitution.
Roe v. Wade
A landmark 1973 U.S. Supreme Court decision that recognized women's constitutional right to choose abortion.
Supreme Court
The paramount court in the United States for interpreting the Constitution, effectively the final arbiter of legal disputes.
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