Meg and Ryan are married and file a joint return. Recall that the 2023 standard deduction amount for married filing jointly is $27,700. In 2023, Meg and Ryan realized the following items of income and expense (below). Based on this information, please calculate Meg and Ryan's gross income. Meg's salary Ryan's salary Interest paid on credit card debt Cash gift received by Ryan Interest paid on home mortgage $6,500 Cash contributions to qualified charity $3,000 State income taxes paid $3,750 Local real property taxes $2,550 Net capital loss $5,600 $57,000 $59,000 $1,500 $7,000

Rahul and Ruby are married taxpayers. They are both under age 65 and in good health. For 2020 they have a total of $107,700 in wages and $330 in interest income. Rahul and Ruby's deductions for adjusted gross income amount to $2,285 and their itemized deductions equal $16,230. They claim two exemptions for the year on their joint tax return. Table for the standard deduction Filing Status Standard Deduction Single $12,400   Married, filing jointly 24,800   Married, filing separately 12,400   Head of household 18,650   Qualifying widow(er) 24,800   a.  What is the amount of Rahul and Ruby's adjusted gross income?$fill in the blank  b.  In order to minimize taxable income, Rahul and Ruby will   in the amount of $fill in the blank  c.  What is their taxable income?$fill in the blank

a. Compute the following: Gross income and AGI Standard deduction (single) Taxable income Income tax Gross income and AGI b. Assume that Toby and Nancy get married in 2023 and file a joint return. What is their taxable income and income tax? Round your final answer to the nearest whole dollar. Toby Filing Single $ Standard deduction (married, filing jointly) Taxable income Income tax Nancy Filing Single Married Filing Jointly c. How much income tax can Toby and Nancy save if they get married in 2023 and file a joint return?

George and Wanda received $29,100 of Social Security benefits this year ($11,000 for George, $18.300 for Wanda). They also received $4,800 of interest from jointly owned City of Ranburne Bonds and dividend income. What amount of the Social Security benefits must George and Wanda include in their gross income under the following independent situations? Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable. Required: a. George and Wanda file married joint and receive $8,750 of dividend income from stocks owned by George b. George and Wanda file married separate and receive $8,750 of dividend income from stocks owned by George c. George and Wands file married joint and receive $32.200 of dividend income from stocks owned by George d. George and Wanda file married joint and receive $16,100,of dividend income from stocks owned by George Complete this question by entering your answers in the…