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Use 2017 for the year instead of 2015. L02,as/ Calculating taxable income for a married couple filing jointly. Sam and Kate Coleman are married and
Use 2017 for the year instead of 2015.
L02,as/ Calculating taxable income for a married couple filing jointly. Sam and Kate Coleman are married and have one child. Sam is putting together some figures so that he can prepare the Colemans' joint 2015 tax return. He can claim three personal exemptions (including himself). So far, he's been able to determine the following with regard to income and possible deductions: Total unreimbursed medical expenses incurred Gross wages and commissions earned IRA contribution Mortgage interest paid Capital gains realized on assets held less than 12 months Income from limited partnership Job expenses and other allowable deductions Interest paid on credit cards Qualified dividend income earned $1,155 50,770 5,000 5,200 1,450 200 875 380 610 Step by Step Solution
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