Sam and Elizabeth Jefferson file a joint return and have three children-all of whom qualify as dependents.

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Sam and Elizabeth Jefferson file a joint return and have three children-all of whom qualify as dependents. If the Jeffersons have AGI of $327,000, what is their allow able deduction for personal and dependency exemptions for 2014?

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South Western Federal Taxation 2015 Essentials Of Taxation Individuals And Business Entities

ISBN: 9781285438290

18th Edition

Authors: James Smith, William Raabe, David Maloney, James Young

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Question Posted: May 25, 2015 06:27 AM

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Sam and Elizabeth Jefferson file a joint return and have three children-all of whom qualify as dependents.

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Exemption amount 5 3950 19750 Step 1 AGI 327000 Phase out threshold 305050 Excess amount 2...View the full answer

South Western Federal Taxation 2015 Essentials Of Taxation Individuals And Business Entities

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