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Paul and Ann Smith are married taxpayers filing a joint return. They have two dependent children. Their AGI is $321,824 for 2016. What is the

Paul and Ann Smith are married taxpayers filing a joint return. They have two dependent children. Their AGI is $321,824 for 2016. What is the amount, if any, of personal and dependency exemptions that the Smiths may deduct for 2016?

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