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Compute what is the tax liability

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Question 1: Miguel is 71 years old and his wife, Carmelita, is 57 years old. Miguel is retired and receives Social Security in the amount of $16,000 per year. Carmelita withdrew $7,500 from her IRA. Miguel and Carmelita are filing a joint return and use the standard deduction; they have no other income to report. What is their tax liability?

Option 1: $ 0

Option 2: $146

Option 3: $750

Option 4: $896

Reference no: EM132597417

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