Sally and Tom are married, have three young children, and file a joint return in 2023. If

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Sally and Tom are married, have three young children, and file a joint return in 2023. If they have adjusted gross income (AGI) of \($90,000\) and itemized deductions of \($10,000,\) what is their taxable income for 2023? Alternatively, what is their taxable income if the itemized deductions are \($30,000\) rather than \($10,000\).

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Pearsons Federal Taxation 2024 Individuals

ISBN: 9780138238100

37th Edition

Authors: Mitchell Franklin, Luke E. Richardson

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