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Problem 6 Emily and Juan are married and filed jointly. Their combined wages were $95,500. They camed $2,500 from a rental property they own, and
Problem 6 Emily and Juan are married and filed jointly. Their combined wages were $95,500. They camed $2,500 from a rental property they own, and they received $3,650 in interest. They claimed four exemptions for themselves and two children. They contributed $5.250 to their tax-deferred retirement plans, and their itemized deductions totaled $10,500 Compute the couple taxable income. Also express the taxable income as a percent of the family gross income
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