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Juan and Bettyna, ages 34 and 31, are married and file a joint return. In addition to having THREE dependent children (Talha, Maidelin, and Nicholas), Juan and Bettyna have adjusted gross income ("AGI") of $80,000 and itemized deductions of $22,000. What is their taxable income for 2013?

a. $80,000
b. $58,000
c. $46,300
d. $38,500

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M938612

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