The Mannings file a tax return showing $125000 in earned income, $3288 from interest income, and they have a tax credit of 1% of their earned income. They claim 5 exemptions of $2500 each, one head of household exemption of $10500, pre-tax medical deductions of $125 weekly, and a pre-tax retirement contribution of $100 weekly. What is their adjusted gross income?

Question

The Mannings file a tax return showing $125000 in earned income, $3288 from interest income, and they have a tax credit of 1% of their earned income.     They claim 5 exemptions of $2500 each, one head of household exemption of $10500, pre-tax medical deductions of $125 weekly, and a pre-tax retirement contribution of $100 weekly.     What is their adjusted gross income?