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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 401(k) plan. Gina is eligible to participate in her employers 401(k) plan but has chosen not to. They have the following items to consider for their 2023 taxes:
Ginas salary $75,000
Georges salary $40,000
Interest income on municipal bonds $800
Qualified IRA contributions for Gina $6,500
Gain on the sale of Apple stock (held for >1 year) $5,000.
Home mortgage interest of $12,000(on a loan of less than $750,000)
Gambling losses (net of gambling winnings) $1,800
Calculate Gina and Georges 2023 Adjusted Gross Income
Calculate Gina and Georges 2023 taxable income.
Calculate Gina and Georges 2023 federal income tax liability for the year, excluding any net investment income tax

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