Joe and Lauren are married, and they are filling their 2020 federal income taxes jointly. Suppose $75 is deducted from each of Joe's monthly paychecks for health insurance, and $150 is deducted from each of Lauren's monthly paychecks for health insurance. Recall from Part 2 of the project that Joe and Lauren make contributions to their 401(k) plans with each of their monthly paychecks. When finding their annual taxable income, how much are the benefits?

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Solulion 1 when finding Joe and lausen lanble income the benfits Joe o... View the full answer