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Gina and George are married and file a joint tax return. George participates in his employer s 4 0 1 ( k ) plan. Gina
Gina and George are married and file a joint tax return. George participates in his employers k plan. Gina is eligible to participate in her employers k plan but has chosen not to They have the following items to consider for their taxes:
Ginas salary $
Georges salary $
Interest income on municipal bonds $
Qualified IRA contributions for Gina $
Gain on the sale of Apple stock held for year $
Home mortgage interest of $on a loan of less than $
Gambling losses net of gambling winnings $
Calculate Gina and Georges Adjusted Gross Income
Calculate Gina and Georges taxable income.
Calculate Gina and Georges federal income tax liability for the year, excluding any net investment income tax
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