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Layla and Lane will file married jointly. Calculate their taxable income Layla and Lane (ages 40 and 41, respectively) are married and togeth Home mortgage

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Layla and Lane will file married jointly. Calculate their taxable income

Layla and Lane (ages 40 and 41, respectively) are married and togeth Home mortgage interest (acquisition debt of $300,000) Real estate taxes State income taxes paid Medical expenses (unreimbursed) Employee business expenses (unreimbursed) Charitable contributions (cash to their church) er ave 11 ,OOO AGI. This year they have recorded the following expenses: of s 16,640 6,300 1,800 450 760 Layla and Lane will file married jointly. Calcu late their taxable income.

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