What Ruperts should report taxable income on joint return

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Question - The following information is available for Stephen Rupert and his wife Ally for 2020. Both are under 65.

Adjusted gross income = $40,000

Itemized Deductions = $ 25,000

Based on the above information, what the Ruperts should report taxable income on their joint return for 2020?

a. $15,600

b. $0

c. $15,000

d. $14,000

Reference no: EM132846353

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