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What is the year adjusted gross income

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Problem 1: Kabuo and Melinda got married on December 15, year 1. Kabuos's salary for the year was $54,000, and Melinda's was $62,000. In addition, Kabuo received $250 of interest income, ($100 of which was from municipal bonds). If Kabuo and Melinda choose to file jointly, what is their year 1) adjusted gross income, 2) taxable income, and 3) tax liability?

Reference no: EM132680046

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