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Computation of Tax, Standard Deduction, and Kiddie Tax: Anthony and Latrisha are married and have two sons, James, age 25, and Jonas, age 13. Both sons are properly claimed as dependents. Anthony and Latrisha's taxable income is $130,000 in 2010 and they file a joint return. Both James and Jonas had part-time jobs as well as some unearned income. Below is a summary of their total income...James Jonas Wages $2,800 $ 400Taxable interest 1,800 2,000Compute the taxable income and tax liability for James and Jonas.Computation of Tax, Standard Deduction, and Kiddie Tax.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9975714

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