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Jerry (53) and Lori (56) are married and elect to file separately on a combined form for Iowa for 2019. Jerry receives $20,000 in pension
Jerry (53) and Lori (56) are married and elect to file separately on a combined form for Iowa for 2019. Jerry receives $20,000 in pension income, and Lori receives $16,000 in pension income. How much of their pension income may they exclude on their Iowa return?
$0
$10,000
$12,000
$36,000
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