Mr.and Mrs.Dell,ages 29 and 26,file a joint return and have no dependents for the year.Here is their relevant information: Standard Deduction Table.
Compute their adjusted gross income (AGI) and taxable income.
A) AGI $164,900; taxable income $134,700
B) AGI $158,700; taxable income $132,500
C) AGI $158,700; taxable income $108,500
D) AGI $164,900; taxable income $8,500
Correct Answer:
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