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Compute the taxable income using the standard deduction

Exemptions and Taxable Income

Response to the following problem:

John and Jamie Kerr (ages 67 and 64, respectively) do not claim any dependents on their joint tax return. Both have good vision. Compute their 2014 taxable income if the Kerrs use the standard deduction and their AGI is $357,040.

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Taxation: Compute the taxable income using the standard deduction

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Taxation: Compute the taxable income using the standard deduction

Reference No:- TGS02108647

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