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Amy and Ethan are married and file a joint return for 2023. Their taxable income is $192,100. The amount of their tax liability, rounded to
- Amy and Ethan are married and file a joint return for 2023. Their taxable income is $192,100. The amount of their tax liability, rounded to the nearest dollar, is $
- Zack is single and has collected the following information for preparing his 2023 taxes: Gross income $74,000, tax credits $2,500, itemized deductions $10,500, deductions for AGI $5,000, tax prepayments $8,400. Based on this information, Zack's "adjusted gross income" equals $69,000, and his "taxable income" equals ______.
- Adjusted gross income = gross - deductions for AGI = 74000-5000 = $69,000
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