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H and W Are Married and Have a 15-Year-Old Daughter

Question 23

Multiple Choice

H and W are married and have a 15-year-old daughter who lives with them the entire taxable year.The couple's marginal tax rate for federal tax purposes is 35 percent.What amount will their daughter save them in taxes?


A) $1,330
B) $3,800
C) $0
D) $950
E) None of the above

Correct Answer:

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