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    Exam 3: Tax Formula and Tax Determination an Overview of Property Transactions
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    Jason and Peg Are Married and File a Joint Return
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Jason and Peg Are Married and File a Joint Return

Question 68

Question 68

True/False

Jason and Peg are married and file a joint return.Both are over 65 years of age and Jason is blind.Their standard deduction for 2016 is $16,350 ($12,600 + $1,250 + $1,250 + $1,250).

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