What is the taxable income, Accounting Basics

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What is the taxable income

Ohn and Elaine, ages 29 and 28, are married and file a joint return. In addition to having TWO dependent children (Jacqueline and Jesse), John and Elaine have adjusted gross income ("AGI") of $90,000 and itemized deductions of $15,000. What is their taxable income for 2013?

a. $59,400
b. $63,300
c. $75,000
d. $90,000

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Accounting Basics: What is the taxable income

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Accounting Basics: What is the taxable income

Reference No:- TGS042316

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the taxable income

Reference No:- TGS042316

Recent Questions Asked Accounting Basics

Q : Incremental free cash flows-tax shield

Q : What amount will be shown for net cash provided

Q : Explain is expansion advisable marginal revenue before labor

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