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Mr and Mrs L had the following income items Dividend eligible for 0% preferential rate $ 3400 Capital gain eligible for 0% preferential rate 2900 Mrs L’s salary


Mr. and Mrs. L had the following income items:

Dividend eligible for 0% preferential rate ……………… $ 3,400

Capital gain eligible for 0% preferential rate ………….. 2,900

Mrs. L’s salary ………………………………………….. 24,325

Mr. L is age 66, and Mrs. L is age 68. Their itemized deductions totaled $6,390, and they have no dependents. Compute their income tax on a joint return.

Apr 01 2020 View more View Less

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