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Ralph and Josee Have Adjusted Gross Income of $53,000

Question 34

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 $4,000 each.Compute their tax liability for the current year.


A) $227
B) $1,170
C) $255
D) $2,780

Correct Answer:

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