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Ruth and Jim (MFJ) have collective income of $150,000. Jim's W2 shows $60,000 and Ruth's clothing store shows $190,000 income with CGS as 70,000 and
- Ruth and Jim (MFJ) have collective income of $150,000. Jim's W2 shows $60,000 and Ruth's clothing store shows $190,000 income with CGS as 70,000 and other expenses 30,000
What is their taxable income?
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Concepts In Federal Taxation 2022
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
29th Edition
0357515781, 978-0357515785
