Problemsharon and thomas are married have two dependent, Ask an Expert

Accounting

Problem:

Sharon and Thomas are married, have two dependent children, and file a joint return in 2014.

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Question: If they have adjusted gross income of $70,000 and itemized deductions of $9,000, what is their taxable income for 2014?

Note: Provide support for your rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165877

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