Jeff and judee are a married couple both in their 40rsquos, Ask an Expert

Accounting

Jeff and Judee are a married couple both in their 40’s with two dependent sons. Their salaries total $105,000. They have a capital loss of $7,000 and tax-exempt interest income of $600. They paid home mortgage interest of $13,000, state income taxes of $3,500, and medical expenses of $10,000, and the made charitable contributions of $7,000 for tax year 2015.

Compute Personal Exemptions

Personal Exemptions: ______________________

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92022754

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