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3. The following information is available for a married couple filing a joint return, for 2013. Both Bob and Brenda are age 32 and have

3. The following information is available for a married couple filing a joint return, for 2013. Both Bob and Brenda are age 32 and have no dependents.

Salaries SR250,000

Interest income SR20,000

Deductible IRA contributions SR20,000

Itemized deductions SR50,000

Required: calculate the taxable income

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