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Calculate the Hernandez' income tax liability for this year as a joint return (using Table 4-2) given the following information: gross salary income (Victor, $85,000;
Calculate the Hernandez' income tax liability for this year as a joint return (using Table 4-2) given the following information: gross salary income (Victor, $85,000; Maria, $62,000), state income tax refund ($400), interest on checking and savings accounts ($250), holiday bonus from Maria's employer ($1,000), and contributions to qualified retirement accounts ($5,500)
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