Brock, age 50, and Erin, age 49, are married with three dependent children. They file a joint
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Brock, age 50, and Erin, age 49, are married with three dependent children. They file a joint return for 2020. Their income from salaries totals $50,000, and they received $8,000 in taxable interest, $5,000 in royalties, and $3,000 in other ordinary income. Brock and Erin’s deductions for adjusted gross income amount to $2,500, and they have itemized deductions totaling $19,250. Calculate the following amounts:
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Related Book For
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
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