Multiple Choice
Alan and Sara Winthrop are a married couple who file a joint income tax return.They have two children,so they claim a total of 4 exemptions ($4,050 for each exemption) .In addition,they have legitimate itemized deductions totaling $25,750.Their total income from wages is $168,100.What is the couple's taxable income?
?
A) $126,150
B) $138,750
C) $142,550
D) $103,400
E) $122,400
Correct Answer:
Verified
Correct Answer:
Verified
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