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https://www.gov/irb/2014-47_IRB/ar14.html Using the above link, answer the following.

by | Jan 11, 2025 | Posted Questions

https://www.irs.gov/irb/2014-47_IRB/ar14.html Using the above link, answer the following. Jack and Jill are married and have three dependent children, and they file a joint 2015 federal income tax return in March 2015. If they wish to minimize their federal income tax liability and have adjusted gross income (AGI) of $90,000 and their itemized deductions are $10,000, what is their taxable income? The 2015 amounts for of the Standard Deduction for married taxpayers and the exemption amounts can be found at https://www.irs.gov/irb/2014-47_IRB/ar14.html

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