Multiple Choice
Ralph and Josee have adjusted gross income of $53,000.They have itemized deductions of $18,000 and incurred $2,000 in college expenses for their daughter who is a freshman at a local community college.They file jointly and have three exemptions at $3,200 each.Compute their tax liability for the current year.
A) $1,580
B) $2,450
C) $2,555
D) $2,780
Correct Answer:
Verified
Correct Answer:
Verified
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