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Jack and jill are married and have three dependent children

Question - Jack and Jill are married and have three dependent children, and they file a joint return in 2014. If they wish to minimize their federal income tax liability and have adjusted gross income (AGI) of $90,000 and their itemized deductions are $10,000, what is there taxable income?

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Accounting Basics: Jack and jill are married and have three dependent children

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