John and Mary are in their 50s, married, and have no children.They have salaries of a total of $100,000 with 18,000 in Federal withholding. They have…
6. John and Mary are in their 50s, married, and have no children. They have salaries of a total of $100,000 with 18,000 in Federal withholding. They have the following other items of note:
Interest from Bank of Texas 10,000
Qualifying dividends 3,000
Non-qualifying dividends 2,000
Sales of the following securities:
Stock