Regardless of your answer in the previous question, assume t…

Regardless of your answer in the previous question, assume the Monsoons have an AGI of $60,000. In 2018, the Monsoons also paid $10,000 in tithing, donated $100 worth of household goods to Deseret Industries and had medical expenses of $5,000. They also paid state income taxes of $4,000, local income taxes of $2,000, property taxes of $5,000, and mortgage interest of $4,000. Calculate the Monsoons’ 2018 taxable income.

Tommy and Frances Monsoon have been married for 20 years, ha…

Tommy and Frances Monsoon have been married for 20 years, have three children, and always file their taxes together (married filing joint). In 2018, Tommy made $75,000 as a publisher and printer for the local newspaper and Frances earned $15,000 babysitting their neighbors’ children. In addition, Tommy contributed $15,000 of his earnings to a Roth 401k and Frances put $5,000 towards a traditional IRA. What is the Monsoons’ adjusted gross income?