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Rates for a couple filing a joint tax return are 10% up to $16.750 and 15% thereafter up to $68,000. ...

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Rates for a couple filing a joint tax return are 10% up to $16.750 and 15% thereafter up to $68,000. ...

Rates for a couple filing a joint tax return are 10% up to $16.750 and 15% thereafter up to $68,000. Sadie and Gilbert Goldberg earned combined gross income of $72,000. They itemized the following deductions: $9,400 interest on their home, $3,700 state taxes, $2,500 donation to their church, and a $150 donation to Goodwill. They took exemptions of $3,650 each for themselves and their two children. Compute the amount of income tax before credits.

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Contemporary Business Mathematics for Colleges

Edition: 16^th

Authors: Deitz, Southam

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