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Read the requirements. Larry and Emily are a married couple with two dependent sons. Their salaries total $145,000. They have a capital loss of $7,000 and tax-exempt interest income of $1,200. They paid home mortgage interest of $6,000, state income taxes of $5,000, and medical expenses of $5,000, and they made charitable contributions of $10,000. (The tax year is 2017.) (Click the icon to view the standard deduction and personal and dependency exemption amounts.) me. Then compute ptions. Finally, 65. Complete all theses or a minus >< Requirements - a. b. c. d. Compute their adjusted gross income. Compute their total itemized deductions. What is the amount of their personal exemptions? Compute their taxable income. Print Done
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