Dave and Alana are married and claim 4 exemptions. Last year ...

[justinmsk]

Dave and Alana are married and claim 4 exemptions. Last year Alana earned 31,300 and Dave earned 25,100 in wages. Additional tax information for the year is as follows: interest earned: 2,600; penalty on early withdrawal of savings: 200; contributions to IRA retirement fund: 2,500; real estate taxes paid: 2,500; mortgage interest paid: 6,800. Find the taxable income if they file a joint return.
 A) 56,400
  B) 59,000
  C) 28,100
  D) 26,000

Question 2

A dishwasher that previously sold for 609.99 has been reduced to 573.39. What is the markdown percent? (Round to the nearest whole percent)
 A) 10
  B) 7
  C) 6
  D) 2

[sylvia]

Answer to Question 1

C

Answer to Question 2

C