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Question - Miguel is 71 years old and his wife, Carmelita, is 57 years old. Miguel is retired and receives Social Security in the amount of $19,260 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?
A) $0
B) $71
C) $750
D) $821
In truth, not enough to pay for the band's expenses. For his taxes, Rocky receives Form 1099 Misc for his music performances.
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At September 30, deposits in transit were $4,920, and outstanding checks totaled $2,853. Prepare the bank reconciliation at September 30
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