Beyonce and Jay are married and file a joint return. They maintain a home for...
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Beyonce and Jay are married and file a joint return. They maintain a home for their three dependent children. In addition, they have a pet porcupine named Fluffy. Beyonce and Jay had the following cash receipts during 2016: In addition, Beyonce attended a sales convention during the year where she won a color television worth $3,000 after entering a contest. Using the individual income tax formula, calculate Beyonce and Jay's adjusted gross income for 2016 using good form. You do not need to show exclusions in your calculation since they generally do not appear on a tax return. In your calculation, show each item that is included in gross income, and each item that is deductible for adjusted gross income
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