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Augustus1 Augustus1
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7 years ago
Adam attended college for much of 2010, during which time he was supported by his parents. Erin married Adam in December 2010. They live in a common law state. Adam graduated and commenced work in 2010. Erin worked during 2010 and earned $20,000. Adam's only income was interest of $1,100. Adam's parents are in the 28% tax bracket. Thus, claiming Adam as a dependent would save them $1,022 ($3,650 × .28).
a.   What is Erin and Adam's tax liability if they file a joint return?
b.   What is Erin and Adam's total tax liability if they file separate returns and Adam's parents claim him as a dependent?
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
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We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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Yoko900Yoko900
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Augustus1 Author
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#2
7 years ago
I needed this so bad, I'm laughing right now from happiness
We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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