1. David and Rochelle file a join return. Rochelle earned $28,500 during the year while pursued a degree in education full time for nine months of year and earned no income. They paid $4,500 for the care of their 2-year child, Craig. Calculate the required taxable amount for 2020 assuming the taxpayers had no income other than the stated amounts.
1. David and Rochelle file a join return. Rochelle earned $28,500 during the year while pursued a degree in education full time for nine months of year and earned no income. They paid $4,500 for the care of their 2-year child, Craig. Calculate the required taxable amount for 2020 assuming the taxpayers had no income other than the stated amounts.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. David and Rochelle file a join return. Rochelle earned $28,500 during the year while pursued a degree in education full time for nine months of year and earned no income. They paid $4,500 for the care of their 2-year child, Craig.
Calculate the required taxable amount for 2020 assuming the taxpayers had no income other than the stated amounts.
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