Sasha and Tray are married, have three dependent children and file a joint return in 2018. if they have adjusted gross income (AGI) of $80,000 and itemized deductions of $12,000, what is their taxable income for 2018?

Sasha and Tray are married, have three dependent children and file a joint return in 2018. if they have adjusted gross income (AGI) of $80,000 and itemized deductions of $12,000, what is their taxable income for 2018?

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter1: The Individual Income Tax Return

Section: Chapter Questions

Problem 4P: In 2019, Lou has a salary of $53,300 from her job. She also has interest income of $1,600 and...

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