23. Adela and James are married and file tax returns jointly. Last year Adela earned $43,500 and James earned $44,700 in wages.

Income Tax Fundamentals 2020
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Chapter6: Accounting Periods And Other Taxes
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Problem 12P: Otto and Monica are married taxpayers who file a joint tax return. For the current tax year, they...
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23. Adela and James are married and file tax returns jointly. Last year Adela earned $43,500 and James earned $44,700 in wages.
Additional tax information for the year is as follows: Interest earned: $1,200, State and local income taxes paid: $4,290, mortgage interest: $6,200, contributions to charity: $1,400, contributions to retirement plans: $3,350.
From this information, calculate their taxable income (in $).
$  
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