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Olenka [21]
3 years ago
14

Jack and Jill are married and have no dependent children. They are both over 65 and Jill is blind. Their gross income is $45,000

and they have $13,000 in itemized deductions. Their taxable income is___________.
Business
1 answer:
yan [13]3 years ago
8 0

Answer:

They are exempt from paying tax

Explanation:

Taxable income is the amount of an individual's gross income that the government deems subject to taxes.

However, because they are aged (above 65), and their taxable income -which should be $32000 after deductions - is less than the percentage tax relief,they are exempted from paying tax for that particular year.

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Luba_88 [7]

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I'maGoldMiner has benefited from a record rise in gold prices in the global commodities market. While the price of its output is
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Answer:

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production for that product will increase.

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Explanation:

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