Theresa and Oliver, married filing jointly, and both over 65 years of age, have no dependents. Their 2016 income tax facts are:
What is their taxable income for 2016?
Definitions:
Asthenosphere
The semi-fluid layer of the Earth's mantle just below the lithosphere, allowing for plate tectonic movement due to its plasticity.
Marine Sediments
Deposits accumulated on the ocean floor, derived from chemical precipitates, organic matter, or the erosion of terrestrial materials.
Black Smokers
Hydrothermal vents on the seafloor in which hot water from within the rock jets out into cold seawater and forms a cloud of minerals, especially those rich in sulfur.
Sulfide Minerals
Minerals composed of sulfide ions and one or more metals; important as ore minerals and for their chemical properties.
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