Mr. and Mrs. PJ celebrated the birth of their third child on November 18. Compute the effect
Question:
a. Their AGI was $99,000, and their taxable income before considering the new dependent was $84,200.
b. Their AGI was $260,000, and their taxable income before considering the new dependent was $248,800.
c. Their AGI was $830,000, and their taxable income before considering the new dependent was $714,000.
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a An additional exemption reduces Mr and Mrs PJs tax ...View the full answer
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Related Book For 
Principles Of Taxation For Business And Investment Planning 2016 Edition
ISBN: 9781259549250
19th Edition
Authors: Sally Jones, Shelley Rhoades Catanach
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