Ch 01 - The Individual Income Tax Return
Taxpayers can download tax forms from the IRS Internet site. ... Their deductions for adjusted gross income are $550 and they have itemized deductions of $5,400. If Roger and Lucy claim two personal exemptions and no dependency exemptions for 2014, calculate the following amounts: a. Their adjusted gross income . b. The greater of the amount of their standard deduction or their itemized ... ................
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