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Determine their taxable income and tax liability

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Question - Matt and Becky are both 66 years of age. Matt still works and earned $38,000 last year. Matt and Becky also have the following income:

Interest income $2,000

Dividends 3,400

Tax exempt interest 2,700

Social security benefits 13,800

Determine their taxable income and tax liability.

Reference no: EM132251531

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