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Compute the taxable income for 2010 under each of the following circumstances:jim is married and files a joint return. jim and his wife have two...
35. Compute the taxable income for 2010 under each of the following circumstances:a.jim is married and files a joint return. jim and his wife have two dependent children. They have adjusted gross income of $30,000 and itemized deductions of $11,100.b.jim is single with no dependents. his adjusted gross income is $20,000 with itemized deductions of $3,800.c. jim is full time college student under 24 supported by his father. jim earned 2600 from his part time job and had $500 of iterest income.His itemized deductions were $600.d. jim is married but files separately and claims two dependent children . His adjusted gross income is $65,000 and he claims $8900 of itemized deductions. jim,s wife also itemizes on her return.e. assume the same situation as in (d), but jim's itemized deductions are only $1500.