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Braxton and Kaih both work for XYZ Corporation where Braxton earns $ 7 3 , 0 0 0 and Kaih earns $ 6 5 ,

Braxton and Kaih both work for XYZ Corporation where Braxton earns $73,000 and Kaih earns $65,000. XYZ Corporation does offer a retirement plan for its employees. Braxton and Kaih have three-year old twin daughters named Trisha and Tasha. The following is information related to their taxes for the current tax year:
Gross income
Braxton's Traditional IRA contribution
Kaih's Traditional IRA contribution
Total itemized deductions
Child Credit per child
Standard deduction
Marginal tax rate
$138,000
$2,000
$2,000
$29,700
$2,000
$27,700
22 percent
Braxton and Kaih have just inherited $50,000. Which of the following statements is true?
A) the $50,000 will be taxable income in the years received
B) the $50,000 is excluded from gross income
C)they should invest this money in corporate bonds to save on taxes
D)the $50,000 will be taxable income in the year received and they should invest the money in corporate bonds to save on taxes
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