Question

Mr. and Mrs. L had the following income items:
Dividend eligible for 0% preferential rate ……………… $ 3,400
Capital gain eligible for 0% preferential rate ………….. 2,900
Mrs. L’s salary ………………………………………….. 24,325
Mr. L is age 66, and Mrs. L is age 68. Their itemized deductions totaled $6,390, and they have no dependents. Compute their income tax on a joint return.


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  • CreatedNovember 03, 2015
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