Sally and Tom are married, have three young children, and file a joint return in 2022. If
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Sally and Tom are married, have three young children, and file a joint return in 2022. If they have adjusted gross income (AGI) of $90,000 and itemized deductions of $10,000, what is their taxable income for 2022? Alternatively, what is their taxable income if the itemized deductions are $28,000 rather than $10,000?
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Sally and Toms taxable income for 2022 would be 64100 computed as fol...View the full answer
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Related Book For 
Pearsons Federal Taxation 2023 Comprehensive
ISBN: 9780137840656
36th Edition
Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse
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