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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 31
Circle the letter that corresponds to the best answer. Which couple pays the most in federal taxes?
A) Todd Lhuillier and Stacey Lhuillier derive their entire $100,000 income from dividends and have two young children, Chloe Lhuillier and Taylor Lhuillier.
B) Eric Church and Kim Swanson Church each have jobs that pay $50,000; they have no children.
C) Teodor Barnett and Miriam Barnett each have jobs that pay $51,000 and have two dependent grandchildren living with them-Sarah Jones and Emma Jones.
D) Patricia Judge has a job paying $55,000 and her husband, John Judge, has one that pays $52,000. They have five dependent grandchildren living with them-Jack Alaska Watt, William Watt, Matthew Watt, Blake Armstrong, and Susan Armstrong.
A) Todd Lhuillier and Stacey Lhuillier derive their entire $100,000 income from dividends and have two young children, Chloe Lhuillier and Taylor Lhuillier.
B) Eric Church and Kim Swanson Church each have jobs that pay $50,000; they have no children.
C) Teodor Barnett and Miriam Barnett each have jobs that pay $51,000 and have two dependent grandchildren living with them-Sarah Jones and Emma Jones.
D) Patricia Judge has a job paying $55,000 and her husband, John Judge, has one that pays $52,000. They have five dependent grandchildren living with them-Jack Alaska Watt, William Watt, Matthew Watt, Blake Armstrong, and Susan Armstrong.
Explanation
Verified
Verified
However, there are various deductions, w...
Macroeconomics 11th Edition by Stephen Slavin
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