Determine their standard deduction and exeption

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Reference no: EM131300032

The Lees, a family of two adults and two dependent children under age 16, had a gross annual income of 68,000 for 2014. Determine their standard deduction, exeption, and child tax credit amounts as well as thier marginal and average tax rates, assuming thier filing status is married filing jointly.

Reference no: EM131300032

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