MrAnd MrsBachman,both Age 65,file a Joint Return

question 66

Essay

Mr.and Mrs.Bachman,both age 65,file a joint return.In 2017 they have wages of $30,000,dividends of $6,200,municipal bond interest of $3,000 and received $10,300 for the sale of stock that cost $4,000 in 1992.They made a $3,000 contribution to their Roth IRA,paid $4,100 in deductible mortgage interest and real estate taxes and made a $2,500 charitable contribution.What is their gross income,adjusted gross income,and taxable income?

---

Definitions:

Consultation

The process of seeking expert advice or guidance to solve a problem or make informed decisions in a professional context.

Principled Dissent

The act of expressing disagreement or opposition based on ethical, moral, or professional principles.

Rational Persuasion

The use of logical arguments and factual evidence to convince someone to accept a viewpoint or undertake a course of action.

Rational Persuasion

A method of influence based on the use of logical arguments and factual evidence.