Mark and Val are married and together have $156,000 of AGI. They have 1 child, Cam that
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Mark and Val are married and together have $156,000 of AGI. They have 1 child, Cam that is 2 yrs olds. The couple does not have any child care expenses as Mark works from home. This year they have recorded the following expense
The AGI of $156,000 considers $4000 in qualified dividends received $1000 students loans interest and $62 in early withdrawal penalty.
Calculate their taxable income and tax liability using the 2023 tax rate schedule. Standard deduction for MFK is $27,700.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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