Essay
Theresa and Oliver,married filing jointly,and both over 65 years of age,have no dependents.Their 2016 income tax facts are:
Theresa's wages
$165,000
Oliver's wages
33,000
Short-term capital gain
36,000
Long-term capital loss
(41,000)
What is their taxable income for 2016?
Correct Answer:
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The couple's taxable income is $171,800....View Answer
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