Question
Lorianne and Gil are married taxpayers. Lorianne is a full time student at Fordham Law School, and Gil is a full time college professor at
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Lorianne and Gil are married taxpayers. Lorianne is a full time student at Fordham Law School, and Gil is a full time college professor at Hunter College. The couple reported $157,069 of taxable income after claiming the proper deductions. Calculate the couple's tax liability if they elect to file jointly.
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Assume the same facts as the previous question, except that Gil files separately. Calculate his tax liability.
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
