Essay
In February of 2015, Lorna and Kirk were married. During 2016, Lorna received $40,000 of compensation from her employer and Kirk received $30,000 of compensation from his employer. The couple together reported $2,000 of itemized deductions. Lorna and Kirk filed separately in 2016. What is Lorna's taxable income and what is her tax liability? (use the applicable tax rate schedule)
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Taxable income is $29,650 ($40...View Answer
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