Jeff and Marion are married with 3 dependents. Their adjusted gross income in 2016 is $335,800. Their
Question:
a. What is their 2016 taxable income?
b. Assume that their adjusted gross income is $481,300 and their itemized deductions remain the same. What is their 2016 taxable income?
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a Because Jeff and Marions AGI is in excess of 311300 their itemized deductions are subject to the 3 ...View the full answer
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Related Book For 
Concepts In Federal Taxation 2017
ISBN: 9781305965119
24th Edition
Authors: Kevin E. Murphy, Mark Higgins
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