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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 139
Find the tax in the following application problems
MARRIED John and Vicki Karsten had combined wages and salaries of $64,280, other income of $5283, dividend income of $324, and interest income of $668. They have adjustments to income of $2484. Their itemized deductions are $7615 in mortgage interest, $2250 in state income tax, $3300 in real estate taxes, and $1219 in charitable contributions. The Karstens filed a joint return and claimed 3 exemptions.
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MARRIED John and Vicki Karsten had combined wages and salaries of $64,280, other income of $5283, dividend income of $324, and interest income of $668. They have adjustments to income of $2484. Their itemized deductions are $7615 in mortgage interest, $2250 in state income tax, $3300 in real estate taxes, and $1219 in charitable contributions. The Karstens filed a joint return and claimed 3 exemptions.
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Explanation
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Find the adjusted gross income, 
Therefo...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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