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Oscar and Mary have no dependents and file a joint income tax return for 2021. They have adjusted gross income (all wages) of $140,000 and
Oscar and Mary have no dependents and file a joint income tax return for 2021. They have adjusted gross income (all wages) of $140,000 and itemized deductions of $30,000.
What is the amount of taxable income that Oscar and Mary must report on their 2021 income tax return?
Oa. $110,000
Ob. $93,600
Oc. $115,200
y Od. $102.000
Oe.
$140.000
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Managerial Accounting
Authors: John Wild, Ken Shaw
5th edition
978-1259176494, 1259176495, 978-1259347641, 1259347648, 978-0078025600
