Robert and anne, a married couple filing jointly, have an adjusted gross income of $68,676. they claim two exemptions, and can deduct $3,752 for charitable donations, $3,375 for interest on their mortgage, and $959 from city income tax. if the standard deduction for a married couple filing jointly is $8,350 and exemptions are worth $3,650 apiece, what is their total taxable income?

a.
$53,290
b.
$53,026
c.
$44,940
d.
$61,640

The correct option is b.

Step-by-step explanation:

The adjusted gross income of $68,676.

They claim two exemptions, and can deduct $3,752 for charitable donations, $3,375 for interest on their mortgage, and $959 from city income tax.

The standard deduction for a married couple filing jointly is $8,350 and exemptions are worth $3,650 apiece.

The exemptions for a couple

Total deduction is

The total taxable income is

Therefore the second option is correct.

b.  $53,026 is correct.

Step-by-step explanation:

The adjusted gross income of the couple = $68676

As given, they claim two exemptions, and can deduct $3,752 for charitable donations, $3,375 for interest on their mortgage, and $959 from city income tax.

Also given, if the standard deduction for a married couple filing jointly is $8,350 and exemptions are worth $3,650 per person.

So, total exemptions for the couple will be =

Now total deduction will be =

Total taxable income for the couple will be now =

This gives option B as the correct answer.

answer: idk

step-by-step explanation: