Ellen and Rick Are Married with One Dependent Child

question 21

Essay

Ellen and Rick are married with one dependent child.They have AGI of $350,000,and itemized deductions consisting of $20,000 state income taxes and $20,000 medical expenses,after applying the 10 percent of AGI limitation.
Compute the following for 2013:
a.Itemized deductions allowed after the phase-out for high-income taxpayers.
b.Exemption deductions ordinarily $3,900 x 3)after the high-income phase-out.
c.Taxable income.

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Definitions:

Personnel Selection

The process of interviewing and evaluating candidates for a specific job and choosing the best fit for the position.

Types

Categories or classifications that distinguish between different forms or varieties of objects, concepts, or phenomena.

Employee Selection

The process of evaluating and choosing individuals for employment in an organization based on criteria and methods such as interviews and tests.

Multiple-hurdle Model

A selection process in which an applicant must successfully pass a series of tests or criteria to move to the next stage of evaluation.