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Joe is single and age 66. Assume tax laws in 2021 are as described in the textbook, as supplemented by postings on Carmen and information in lectures. If no information is given about something, assume zero, e.g., zero contributions to an IRA. Line numbers for IRS forms refer to the 2021 forms posted on Carmen. Use 2021 tables for all calculations. Assume he files in a way that legally minimizes his federal income tax. 2021 Expenditures: Mortgage interest payments = $12,000. Charitable contributions to the U.S. Red Cross =$2,400. Real estate taxes = $9,000. Medical expenses not covered by insurance = $5,900. Totals from W2 forms 100,000 Box 1 wages Box 2 federal income tax withheld in 2021 20,000 Box 17, state income tax withheld in 2021 5,000 Box 19, local income tax withheld in 2021 0 What is taxable income (Line 15) for 2021? Joe is single and age 66. Assume tax laws in 2021 are as described in the textbook, as supplemented by postings on Carmen and information in lectures. If no information is given about something, assume zero, e.g., zero contributions to an IRA. Line numbers for IRS forms refer to the 2021 forms posted on Carmen. Use 2021 tables for all calculations. Assume he files in a way that legally minimizes his federal income tax. 2021 Expenditures: Mortgage interest payments = $12,000. Charitable contributions to the U.S. Red Cross =$2,400. Real estate taxes = $9,000. Medical expenses not covered by insurance = $5,900. Totals from W2 forms 100,000 Box 1 wages Box 2 federal income tax withheld in 2021 20,000 Box 17, state income tax withheld in 2021 5,000 Box 19, local income tax withheld in 2021 0 What is taxable income (Line 15) for 2021

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