Question: Jack and Jill are married and have three dependent children, and they file a joint return in 2014. If they wish to minimize their federal
Jack and Jill are married and have three dependent children, and they file a joint return in 2014. If they wish to minimize their federal income tax liability and have adjusted gross income (AGI) of $90,000 and their itemized deductions are $10,000, what is their taxable income?
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Jack and Jill standard deduction for 2014 is 12400 since they are filing join... View full answer
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