Jane and Ed Rochester Are Married with a Two-Year-Old Child

question 72

Essay

Jane and Ed Rochester are married with a two-year-old child who lives with them and whom they support financially. In 2018, Ed and Jane realized the following items of income and expense:
They also qualified for a $2,000 child tax credit. Their employers withheld $5,800 in federal income taxes from their paychecks (in the aggregate). Finally, the 2018 standard deduction amount for MFJ taxpayers is $24,000.
What is the couple's gross income?

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Definitions:

Preschool

An educational establishment or learning environment for children typically aged between three and five years old, prior to compulsory education.

Kindergarten

A preschool educational approach traditionally based around playing, singing, practical activities, and social interaction.

Cultural Identity

The feeling of belonging to a group, community, or culture, influenced by shared traditions, beliefs, and experiences.

Bilingualism

The ability of an individual to use and understand two languages proficiently.