What is bob and sally taxable income

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Bob Katz and Sally Mander are a married couple with four children. Total wages for 2018 equaled $170,000. Stock which had been purchased six months earlier was sold for a $3000 gain and stock held for three years was sold for a $21,000 gain. Interest income from savings was $100. Itemized deductions totaled $28,000. Bob and Sally qualify for a $4000 tax credit. Going to the tax tables, what is Bob's and Sally's taxable income?

Reference no: EM133076006

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