TCOs 3 4 and 6 Homer age 68 and his wife Jean age 70 file a

(TCOs 3, 4, and 6) Homer (age 68) and his wife Jean (age 70) file a joint return. They furnish all of the support of Luther (Homer\'s 90-year-old father), who lives with them. For 2014, they received $6,000 of interest income on city of Chicago bonds and interest income on corporate bonds of $48,000. Compute Homer’s and Jean\'s taxable income for 2014.

Answer is $22400

Taxable Income will be = $48000-11900-2*1150-3*3800 = $22400

So, Homer’s and Jean\'s taxable income for 2014 is $22400

$(TCOs 3, 4, and 6) Homer (age 68) and his wife Jean (age 70) file a joint return. They furnish all of the support of Luther (Homer\'s 90-year-old father), who l$

TCOs 3 4 and 6 Homer age 68 and his wife Jean age 70 file a

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