Chat with us, powered by LiveChat Richard and Mary Smith file a joint tax return, th - Writemia

Richard and Mary Smith file a joint tax return, th

Richard and Mary Smith file a joint tax return, they have no dependents. Richard was born in 1949 and Mary in 1950. Richard is retired from the State of Michigan and receives a pension of $28,000; which is fully taxable for federal income purposes. Richard also works part-time at Wal-Mart and earned $5,800. Mary spends her time volunteering; however during the year received a $12,200 distribution from her IRA account; also 100% taxable for federal income purposes.

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