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c) What would their taxable income be if their itemized deductions totaled $28.000 instead of $16,500? d) What would their taxable income be if they
c) What would their taxable income be if their itemized deductions totaled $28.000 instead of $16,500? d) What would their taxable income be if they had $0 itemized deductions and $6,000 of for AGI deductions? Assume the original facts but now suppose the Jacksons also incurred a loss of $5.000 on the sale of some of their investment assets. What effect does the $5,000 loss have on their taxable income? Assume the original facts but now suppose the Jacksons own investments that appreciated by $10,000 during the year. The Jacksons believe the investments will continue to appreciate, so they did not sell the investments during this year. What is the Jacksons' taxable income
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