Question
Dan and Megan, married with 4 dependent children and filing a joint return, have an Adjusted Gross Income (AGI) of $100,000. Compute the following, assuming
Dan and Megan, married with 4 dependent children and filing a joint return, have an Adjusted Gross Income (AGI) of $100,000. Compute the following, assuming their itemized deductions total $20,000. Round your gross tax liability to the nearest dollar.
If filing for the 2017 tax year:
| AGI | $100,000 |
| Less: larger of itemized or standard deduction | - |
| Less: Personal & dependent exemptions | - |
| Taxable Income |
|
| Gross Tax Liabiliy |
|
If filing for the 2018 tax year:
| AGI | $100,000 |
| Less: larger of itemized or standard deduction | - |
| Less: Personal & dependent exemptions | - |
| Taxable Income |
|
| Gross Tax Liabiliy |
|
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Front Office Operations And Auditing Workbook
Authors: Patrick J. Moreo, Gail Sammons, Jeff Beck
2nd Edition
0130324930, 978-0130324931
