what is your taxable income and tax liability based on the

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what is your taxable income and tax liability based on the following information Salaries- $120,000 Interest income- 10,000 dividend income- 4,000 Retirement disributions- 20,000 business expenses- 5,000 tax-exempt interest- 15,000 itemized deductions- 5,000 this individual is married filing jointly and has 4 dependents. Both the husband and wife are 64 years old and the children are under the age of 10. What completing your calculations, please indicate what tax year you use to calculate taxable income and tax liability.

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