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karotop02 karotop02
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A year ago
Jim and Judy file taxes jointly as a married couple. They have a combined adjusted gross income of $97,651. Their Schedule A itemized expenses are as follows: interest on home mortgage, $11,986; property taxes on home, $7,300; state income taxes, $3,880; and charitable contributions, $1,500. What is their taxable income, given the following standard deductions?

Standard deduction
Married/joint: $24,400
Single: $12,200
Head of household: $18,350
Married/separate: $12,200
Dependent: $1,000


▸ $73,251

▸ $72,985

▸ $74,485

▸ $74,971
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Personal Finance

Personal Finance


Edition: 2nd
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KFordKFord
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A year ago
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A year ago
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This helped my grade so much Perfect
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