Alexa and Maya, married and filing joint income tax returns, derive their entire income from the operation
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Question:
Alexa and Maya, married and filing joint income tax returns, derive their entire income from the operation of their retail candy shop. Their 2014 adjusted gross income was $50,000. They itemize their deductions on Schedule-A for 2014. The following unreimbursed cash expenditures were among those made by them during 2014:State income tax$1,200
Self-employment tax$7,650
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