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Jim is married and files a joint return. Jim and his wife have two dependent children. They have AGI $30,000 and Itemized deductions of $11,900.

Jim is married and files a joint return. Jim and his wife have two dependent children. They have AGI $30,000 and Itemized deductions of $11,900. What is 2013 Taxable income?

Is it 30,000 - 11,900 - 3,900 x 4 = 2500???

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