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) Standard Deduction Ken earns $36,601 & Amanda earns $104,272 in gross income during 2021. During 2021, Ken placed $4800 of his gross income into
) Standard Deduction Ken earns $36,601 & Amanda earns $104,272 in gross income during 2021. During 2021, Ken placed $4800 of his gross income into a pre-tax retirement account. Amanda placed $2,750 of her gross income in a pre-tax FSA (Flexible Spending Account) for medical expenses. Ken and Amanda are legally married, and they plan to file their taxes together jointly. For Part 1, assume this married couple will apply the standard deduction to their joint income. First, determine the couple's filing status. Use Tables 1 & 2 below as needed. What is the couple's joint......... 1) Adjusted gross income for 2021? 2pt 2) Taxable income for 2021? 2pt 3) How much will the couple pay in federal income taxes for 2021? 4pts
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