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These problems are available in MyFinanceLab. The Lees, a family of two adults and two dependent children under age 16, had a gross annual income

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These problems are available in MyFinanceLab. The Lees, a family of two adults and two dependent children under age 16, had a gross annual income of $68,000 for 2014. Determine their standard deduction, exemption, and child tax credit amounts, as well as their marginal and average tax rates, assuming their filing status is married filing jointly

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