Question

When filing jointly, Melvin and Sylvia have a standard deduction of $11,400, they can claim one exemption for each of them for $3650 each, and they don't have any additional adjustments to income. What is their taxable income?

Answer 1

add standard deduction and exemption: 5700 + 3650 = 9350

subtract from each of their incomes and that will be the taxable income:

Melvin: 44500 - 9350 = 35150 taxable income

Sylvia: 51200 - 9350 = 41850 taxable income