Ask Question
13 January, 00:22

When filing jointly, Melvin and Sylvia have a standard deduction of $11,400, they can claim one exemption for each of them for $3650 each, and they don't have any additional adjustments to income. What is their taxable income?

+5
Answers (1)
  1. 13 January, 00:37
    0
    add standard deduction and exemption: 5700 + 3650 = 9350

    subtract from each of their incomes and that will be the taxable income:

    Melvin: 44500 - 9350 = 35150 taxable income

    Sylvia: 51200 - 9350 = 41850 taxable income
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When filing jointly, Melvin and Sylvia have a standard deduction of $11,400, they can claim one exemption for each of them for $3650 each, ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers