Oscar and Mary Have No Dependents and File a Joint

question 82

Multiple Choice

Oscar and Mary have no dependents and file a joint income tax return for 2016. They have adjusted gross income of $140,000 and itemized deductions of $30,000. What is the amount of taxable income that Oscar and Mary must report on their 2016 income tax return?

• A)$97,400
• B)$101,900
• C)$102,000
• D)$110,000
• E)$136,000

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