Calculate the tax liability for John and Joanna - John and Joanna have $125,000 in combined salary and wages, $8,000 in dividend income, and $3,000 in interest income. What is their tax liability for 2007 if they are married filing jointly, have $35, ...
Tax treatment for gambling winnings and losses for individuals - Joyce received a Form 1099 for her gambling winnings in the amount of $2100. Joyce is not a professional gambler.
a. is the income subject to self employment tax?
b. what type of income is it f ...