Jennifer and Jake are married and file jointly. Jennifer rec…
Jennifer and Jake are married and file jointly. Jennifer received a salary of $81,000 and Jake received a salary for $75,000. Jennifer’s employee covered $3,200 in medical and dental insurance premium. The couple rented out an apartment to a tenant for a loss of $3,100 this year. They paid state income tax of $9,000. They have one son, Max, who is 13 that they care for. How much gross income should they report (recognize) for the year? Round to the nearest whole dollar amount and do not include symbols like the dollar sign or comma.Answer: