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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Ruth and Jim (MFJ) have collective income of $150,000. Jim's W2 shows $60,000 and Ruth's clothing store

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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 other expenses 30,000

What is their taxable income?

Related Book For answer-question

Concepts In Federal Taxation 2022

ISBN: 9780357515785

29th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Posted Date: Jun 14, 2024 08:00 AM

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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

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Concepts In Federal Taxation 2022

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