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Brock, age 5 0 , and Erin, age 4 9 , are married with three dependent children. They file a joint return for 2 0
Brock, age and Erin, age are married with three dependent children. They file a joint return for Their income from salaries totals $ and they received $ in taxable interest, $ in royalties, and $ in other ordinary income. Brock and Erin's deductions for adjusted gross income amount to $ and they have itemized deductions totaling $ Table for the standard deduction Click here to access the tax tables. Calculate the following amounts: a Gross income b Adjusted gross income c Itemized deduction or standard deduction amount d Taxable income e Income tax liability before any credits
Brock, age and Erin, age are married with three dependent children. They file a joint return for Their income
from salaries totals $ and they received $ in taxable interest, $ in royalties, and $ in other ordinary
income. Brock and Erin's deductions for adjusted gross income amount to $ and they have itemized deductions totaling
$
Table for the standard deduction
Click here to access the tax tables.
Calculate the following amounts:
a Gross income
b Adjusted gross income
c Itemized deduction or standard deduction amount
d Taxable income
e Income tax liability before any credits
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