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Mr. and mrs. Doster, both over the age of 65, file a joint return. In 2010 they have wages of $30,000, dividens of $6,200, municipal bond interest of $3,000 and received $10,300 for the sale of stock that cost $4,000 in 1992. They made a $3,000 contribution to their Roth IRA, paid $4,100 in deductible mortgage interest and real estate taxes and made a $2,500 charitable contribution. What is their gross income, adjusted gross income, and taxable Income?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9418075

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