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What is the amount of Jason and Mary adjusted gross income

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Problem - Jason and Mary are married taxpayers in 2019. They are both under age 65 and in good health. For 2019 they have a total of $41,000 in wages and $700 in interest income. Jason and Mary's deductions for adjusted gross income amount to $5,000 and their itemized deductions equal $18,700. They have two children, ages 32 and 28, that are married and provide support for themselves.

Required -

What is the amount of Jason and Mary's adjusted gross income?

What is the amount of their itemized deductions or standard deduction?

What is their taxable income?

Reference no: EM132673690

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