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Faiz and Yagana are married with three children. Faiz’s annual salary is $72,000 and taxable interest income is $2,000. They have itemized deductions of $13,000. They are filing a joint return. Using the most current version of Form 1040, calculate:

1. Adjusted gross income

2. Taxable income

3. Income tax liability

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M91544602

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