The Following Information Is Available for Bob and Brenda Horton

Essay

The following information is available for Bob and Brenda Horton, a married couple filing a joint return, for 2016. Both Bob and Brenda are age 32 and have no dependents.
$\begin{array}{ll}\text { Salaries } & \$ 190,000 \\\text { Interest income } & 12,000 \\\text { Deductible IRA contributions } & 11,000 \\\text { Itemized deductions } & 22,600\end{array}$ Withholding $\quad$$\quad$ 33,000 a. What is the amount of their gross income?
b. What is the amount of their adjusted gross income?
c. What is the amount of their taxable income?
d. What is the amount of their tax liability (gross tax)?
e. What is the amount of their tax due or (refund due)?