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    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 14: Property Transactions: Capital Gains and Losses, 1231, Recapture Provisions
  5. Question
    Theresa and Oliver, Married Filing Jointly, and Both Over 65
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Theresa and Oliver, Married Filing Jointly, and Both Over 65

Question 85

Question 85

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Theresa and Oliver, married filing jointly, and both over 65 years of age, have no dependents.Their 2012 income tax facts are:
Theresa and Oliver, married filing jointly, and both over 65 years of age, have no dependents.Their 2012 income tax facts are:    What is their taxable income for 2012? What is their taxable income for 2012?

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The couple's taxable income is...

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