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Jennifer and Jamar Are Married and Live in a Home

Question 62

Multiple Choice

Jennifer and Jamar are married and live in a home with their 13-year-old dependent son,Oscar.This year,they had the following tax information. Jennifer and Jamar are married and live in a home with their 13-year-old dependent son,Oscar.This year,they had the following tax information. Compute adjusted gross income (AGI) and taxable income. A) AGI $157,800; taxable income $124,188. B) AGI $157,800; taxable income $130,900. C) AGI $151,088; taxable income $89,888. D) AGI $151,088; taxable income $107,888. Compute adjusted gross income (AGI) and taxable income.


A) AGI $157,800; taxable income $124,188.
B) AGI $157,800; taxable income $130,900.
C) AGI $151,088; taxable income $89,888.
D) AGI $151,088; taxable income $107,888.

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