Tom and Linda are married taxpayers who file a joint return. They have itemized deductions of $27,400

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Tom and Linda are married taxpayers who file a joint return. They have itemized deductions of $27,400 and four exemptions. Assuming an adjusted gross income of $40,000, what is their taxable income for 2019?

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 18, 2024 06:45 AM

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Tom and Linda are married taxpayers who file a joint return. They have itemized deductions of $27,400

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CCH Federal Taxation Basic Principles 2020

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