Mark and Patricia report adjusted gross income of $380,500 and itemized deductions of $64,000 for the interest

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 Mark and Patricia report adjusted gross income of $380,500 and itemized deductions of $64,000 for the interest on their home acquisition mortgage (principal amount of $890,000), taxes, and charitable contributions. They file a joint income tax return and claim their four children as dependents. What is their taxable income for 2017?

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Taxation For Decision Makers 2018

ISBN: 9781119373735

8th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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