Mark and Patricia report adjusted gross income of $380,500 and itemized deductions of $64,000 (interest on home

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Mark and Patricia report adjusted gross income of $380,500 and itemized deductions of $64,000 (interest on home acquisition mortgage with a principal amount of $890,000, taxes, and charitable contributions). They file a joint income tax return and claim their four children as dependents. What is their taxable income for 2013?
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Taxation For Decision Makers 2014

ISBN: 9781118654545

6th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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