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Author Question: For solving the questions below, the individual tax rates in Exhibit 4.6 must be made available to ... (Read 52 times)

Garrulous

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For solving the questions below, the individual tax rates in Exhibit 4.6 must be made available to the students.





Ralph and Josee have adjusted gross income of $53,000. They have itemized deductions of $18,000 and incurred $2,000 in college expenses for their daughter who is a freshman at a local community college. They file jointly and have three exemptions at $4,000 each. Compute their tax liability for the current year.


◦ $227
◦ $1,170
◦ $255
◦ $2,780


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Marked as best answer by Garrulous on Apr 12, 2019

Dinolord

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