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03-01-2023
Business

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tony and paulette are married and will file a joint return. they have one dependent son, ben, who was born earlier this year. when ben was born, paulette's father gave tony and paulette a cash gift of $50,000. tony is not an active participant in a company-maintained retirement plan. tony paid child support to a former spouse. they have provided you with the following information. tony's salary $170,600 tony's ira contribution $6,000 itemized deductions $24,000 child support paid $12,000 workers' compensation received $6,000 based on the information given, what is the couple's taxable income for the 2022 tax year?

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