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The Liddys, ages 39 and 41, file a joint return and have no dependents for the year. Below is their relevant information: Standard Deduction

The Liddys, ages 39 and 41, file a joint return and have no dependents for the year. Below is their relevant information: Standard Deduction Table. Salaries Taxable interest income Above-the-line deductions Itemized deductions Compute their adjusted gross income (AGI) and taxable income. $ 47,000 5,000 1,800 16,250

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