Trevante had $71,917 of income from wages and $201 of taxable interest. Trevante also made contributions of $3,300 to a tax-deferred retirement account. Trevante has 4 dependents and files as married filing jointly. What is Trevante's total income? Adjusted gross income ? For Trevante's filing status, the standard deduction is $12,600, and the exemption amount is $4000 per exemption. What is the taxable income

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter15: Choice Of Business Entity—other Considerations
Section: Chapter Questions
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Trevante had $71,917 of income from wages and $201 of taxable interest. Trevante also made contributions of $3,300 to a tax-deferred retirement account. Trevante has 4 dependents and files as married filing jointly. What is Trevante's total income? Adjusted gross income ? For Trevante's filing status, the standard deduction is $12,600, and the exemption amount is $4000 per exemption. What is the taxable income? 

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