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Compute their taxable income

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Question - In 2013 X and Y have salaries of $35,000 and $27,000, respectively. Their itemized deductions total $8,000. They are married, under 65, and live in a common law state.

a. Compute their taxable income assuming that they file a joint return.

b. Compute their taxable income assuming that they file separate returns and that Y claims all of the itemized deductions.

Reference no: EM131633534

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