Tom and linda are married taxpayers who file a joint return, Accounting Basics

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Tom and linda are married taxpayers who file a joint return

Question: Tom and Linda are married taxpayers who file a joint return. They have itemized deductions of $12,950 and four exemptions. Assuming an adjusted gross income of $40,000, what is their taxable income for 2015? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Accounting Basics: Tom and linda are married taxpayers who file a joint return

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