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Norm and Pat, a married couple filing a joint return, have the following sources of income: Wages $35,000 Interest income 4,000 Dividend income 3,000 Social
Norm and Pat, a married couple filing a joint return, have the following sources of income:
Wages | $35,000 |
Interest income | 4,000 |
Dividend income | 3,000 |
Social Security benefits | 9,000 |
Both Norm and Pat are over 65 years of age. Determine their taxable income.
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