Carrie and Stephen have gross salary and wages of $76,000 in 2016 and file a joint return.

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Carrie and Stephen have gross salary and wages of $76,000 in 2016 and file a joint return. They have $27,150 of total allowable deductions and a $240 child care credit. Determine their taxable income and their tax liability.

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Taxation For Decision Makers 2017

ISBN: 9781119330417

7th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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Question Posted: Oct 26, 2017 03:23 AM

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Carrie and Stephen have gross salary and wages of $76,000 in 2016 and file a joint return.

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Taxable income 48850 and the net tax lia...View the full answer

Taxation For Decision Makers 2017

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