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Mary and Paul, each age 60, are married filing a joint return, using the standard deduction. They have no dependents. Their total Box 1 wages
Mary and Paul, each age 60, are married filing a joint return, using the standard deduction. They have no dependents. Their total Box 1 wages amount to $60,000, with federal income tax withheld of $2,000. They also had $2,300 of qualified dividend income. They have no adjustments to gross income. What is their taxable income (Line 15 on the 1040 form)?
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