Diego, age 28, married Dolores, age 27, in 2019. Their salaries for the year amounted to $80,000 and they had interest income of $1,900. Diego and Dolores' deductions for adjusted gross income amounted to $6,100; their itemized deductions were $19,425, and they have no dependents. What is their tax liability for 2019?
Diego, age 28, married Dolores, age 27, in 2019. Their salaries for the year amounted to $80,000 and they had interest income of $1,900. Diego and Dolores' deductions for adjusted gross income amounted to $6,100; their itemized deductions were $19,425, and they have no dependents. What is their tax liability for 2019?
Chapter3: Tax Formula And Tax Determination; An Overview Of property Transactions
Section: Chapter Questions
Problem 47P
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Diego, age 28, married Dolores, age 27, in 2019. Their salaries for the year amounted to $80,000 and they had interest income of $1,900. Diego and Dolores' deductions for adjusted gross income amounted to $6,100; their itemized deductions were $19,425, and they have no dependents.
What is their tax liability for 2019?
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