Jim (age 50) and Martha (age 49) are married with threedependent children. They file a joint return for 2016. Their incomefrom salaries totals $49,500, and they received $10,125 in taxableinterest, $5,000 in royalties, and $3,000 in other ordinary income.Jim and Martha’s deductions for adjusted gross income amount to$3,200, and they have itemized deductions totaling $13,200. Tablefor the standard deduction Filing Status 2016 Standard DeductionSingle $ 6,300 Married, filing jointly 12,600 Married, filingseparately 6,300 Head of household 9,300 Qualifying widow(er)12,600   



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