Paul is 66 years old and Tina is 62 years old. In 2019, they
file a joint return. They support their 22-year-old son, Jed, who
is a full-time student. He earns $4,000.00 per year as a waiter at
a restaurant.
Wages...............................................................
$ 170,000.00
Interest from savings..........................................
$12,000.00
Interest on NYS qualified bonds...........................
$7,000.00
Inheritance from Tina’s Aunt Lucy.......................
$6,000.00
Child support from Tina’s ex-husband Eric........ $10,000.00
Prize from contest at church..................................
$1,000.00
Paul and Tina own a house in Whitestone....