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MrAnd MrsLiddy,ages 39 and 41,file a Joint Return and Have No

Question 40

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Mr.and Mrs.Liddy,ages 39 and 41,file a joint return and have no dependents for the year.Here is their relevant information.Standard Deduction Table. Mr.and Mrs.Liddy,ages 39 and 41,file a joint return and have no dependents for the year.Here is their relevant information.Standard Deduction Table. Compute their adjusted gross income (AGI) and taxable income. A) AGI $50,200; taxable income $29,400. B) AGI $52,000; taxable income $31,300. C) AGI $52,000; taxable income $29,400. D) AGI $50,200; taxable income $40,200. Mr.and Mrs.Liddy,ages 39 and 41,file a joint return and have no dependents for the year.Here is their relevant information.Standard Deduction Table. Compute their adjusted gross income (AGI) and taxable income. A) AGI $50,200; taxable income $29,400. B) AGI $52,000; taxable income $31,300. C) AGI $52,000; taxable income $29,400. D) AGI $50,200; taxable income $40,200. Compute their adjusted gross income (AGI) and taxable income.


A) AGI $50,200; taxable income $29,400.
B) AGI $52,000; taxable income $31,300.
C) AGI $52,000; taxable income $29,400.
D) AGI $50,200; taxable income $40,200.

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