John and his wife Clara had $36,000 of adjusted gross income in 2007. They filed a joint

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John and his wife Clara had $36,000 of adjusted gross income in 2007. They filed a joint return and took the standard deduction. Is it likely they had to pay any taxes? If so, how much?

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Personal Finance An Integrated Planning Approach

ISBN: 978-0136063032

8th edition

Authors: Ralph R Frasca

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Question Posted: Mar 19, 2015 10:31 AM

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John and his wife Clara had $36,000 of adjusted gross income in 2007. They filed a joint

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There taxable income would be 8500 According to Figure ...View the full answer

Personal Finance An Integrated Planning Approach

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