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What tax-planning strategies

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Richard and Monica estimated they would have adjusted gross income of $108,000 in the current year and would have exemptions of $7,900 and deductions of $25,000. Their average combined federal and state tax bracket was 33 percent.

Monica asked what tax-planning strategies you would recommend for them? Do so while completing the tax-planning section of the plan.

Reference no: EM133306570

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