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Several years have gone by since Harry and Belinda graduated from college and started their working careers. They both earn good salaries. They believe that
Several years have gone by since Harry and Belinda graduated from college and started their working careers. They both earn good salaries. They believe that they are paying too much in federal income taxes. The Johnsons total income included Harrys salary of $ and Belindas salary of $ She contributed $ to her k for retirement. They earned $ in interest on savings and checking and $ interest income from the trust that is taxed in the same way as interest income from checking and savings accounts. Harry contributed $ into a traditional IRA.
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