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Hunter (age 68) and his wife Jenelle (age 70) file a joint return. They furnish all of the support of Luther (Hunters 90-year old father)
Hunter (age 68) and his wife Jenelle (age 70) file a joint return. They
furnish all of the support of Luther (Hunters 90-year old father) who
lives with them. In 2020, the couple received $ 6,000 of interest income
on City of Chicago bonds and interest and dividend income on corporate
stocks and bonds of $ 50,000.
Compute Hunter and Jenelles taxable income for 2020. Do you include dependent excemption for Luther?
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