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Calculate their taxable income

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Question - John (68) and Jane (66) are married with no children. Their income from salaries is 60,000 and they had interest income on CDs of 5,000. They had deductions for adjusted gross income of $3,000 and itemized deductions of $12,000. Calculate their taxable income. Use 2019 tax law.

Reference no: EM132706127

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