Based on the facts in problem 57, calculate the taxable income and the tax liability for a
Question:
Total income .......... $103,000
Excludable income .......... 2,000
Deductions for adjusted gross income . 2,500
Deductions from adjusted gross income . 8,000
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The taxable income for a married couple is 79700 i...View the full answer
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Related Book For 
Concepts In Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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