In 2022 Ricky (age 29) and Lucille (age 28) filed as married and filing jointly. They had Wages of $$ \$ 54,000 $$ and dividend income of $$ \$ 1,000 $$. Adjustments to Income (AGI) of $$ \$ 4,900 $$. Itemized deductions of $$ \$ 3,000 $$. Calculate their taxable income:

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To calculate Ricky and Lucille's taxable income, we can follow these steps:

1. **Calculate Adjusted Gross Income (AGI)**:
   $$
   \text{AGI} = \text{Wages} + \text{Dividend Income} - \text{Adjustments to Income}
   $$

2. **Calculate Taxable Income**:
   $$
   \text{Taxable Income} = \text{AGI} - \text{Itemized Deductions}
   $$

Now, let's plug in the values:

1. **Calculate AGI**:
   - Wages = $$ 54,000 $$
   - Dividend Income = $$ 1,000 $$
   - Adjustments to Income = $$ 4,900 $$

$$
   \text{AGI} = 54,000 + 1,000 - 4,900
   $$

2. **Calculate Taxable Income**:
   - Itemized Deductions = $$ 3,000 $$

$$
   \text{Taxable Income} = \text{AGI} - 3,000
   $$

Now, let's perform the calculations step by step.

First, we will calculate the AGI.
Calculate the value by following steps:
- step0: Calculate:
  $$54000+1000-4900$$
- step1: Calculate:
  $$50100$$
The Adjusted Gross Income (AGI) is calculated as follows:

$$
\text{AGI} = 54,000 + 1,000 - 4,900 = 50,100
$$

Next, we will calculate the taxable income using the AGI we just found.

$$
\text{Taxable Income} = 50,100 - 3,000
$$

Now, let's perform this calculation.
Calculate the value by following steps:
- step0: Calculate:
  $$50100-3000$$
- step1: Subtract the numbers:
  $$47100$$
The taxable income is calculated as follows:

$$
\text{Taxable Income} = 50,100 - 3,000 = 47,100
$$

Therefore, Ricky and Lucille's taxable income for 2022 is $$ \boxed{47,100} $$.
Ricky and Lucille's taxable income is \$47,100.

In 2022 Ricky (age 29) and Lucille (age 28) filed as married and filing jointly. They had Wages of \( \$ 54,000 \) and dividend income of \( \$ 1,000 \). Adjustments to Income (AGI) of \( \$ 4,900 \). Itemized deductions of \( \$ 3,000 \). Calculate their taxable income:

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