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Nick and Nora are married and has three children in college. They have an adjusted gross income of $$41,000. If the standard deduction is $12,600
Nick and Nora are married and has three children in college. They have an adjusted gross income of
$$41,000.
If the standard deduction is
$12,600
itemized deductions are
$13,261
and they get an exemption of
$4,000
for each adult and each dependent, what is their taxable income?
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