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Business, 27.09.2021 14:00 bandnerd1

Rahul and Ruby are married taxpayers. They are both under age 65 and in good health. For 2020 they have a total of $79,100 in wages and $365 in interest income. Rahul and Ruby's deductions for adjusted gross income amount to $3,645 and their itemized deductions equal $17,870. They claim two exemptions for the year on their joint tax return. Table for the standard deduction
Filing Status Standard Deduction
Single $12,400
Married, filing jointly 24,800
Married, filing separately 12,400
Head of household 18,650
Qualifying widow(er) 24,800

a. What is the amount of Rahul and Ruby's adjusted gross income?
b. In order to minimize taxable income, Rahul and Ruby will
take the standard deduction in the amount of $___
c. What is their taxable income?

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Rahul and Ruby are married taxpayers. They are both under age 65 and in good health. For 2020 they h...
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