Jim is single and has three dependent children. Calculate his deductible total personal and dependency exemptions under

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Jim is single and has three dependent children. Calculate his deductible total personal and dependency exemptions under the following independent conditions:
a. Jim has AGI of $150,000.
b. Jim has AGI of $303,000.
c. Jim has AGI of $450,000.

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Related Book For answer-question

Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Jan 20, 2017 10:16 AM

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Jim is single and has three dependent children. Calculate his deductible total personal and dependency exemptions under

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a Jims AGI is below the exemption phaseout threshold 254200 for single taxpayers T...View the full answer

Taxation Of Individuals And Business Entities 2015

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