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Drake and Davina Are Married and File a Joint Return

question 75

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Drake and Davina are married and file a joint return for 2015 with taxable income of $100,000 and tax preferences and adjustments of $51,000 for AMT purposes.Their regular tax liability is $16,713.What is the amount of their total tax liability?


Definitions:

Expectancy-Value Model

A psychological theory that explains motivation by combining individual expectations of success with the value of the success.

Probability of Success

A statistical measure that calculates the likelihood of a desired outcome or successful result happening.

Incentive Value

The attractiveness or appeal of a goal or reward that motivates behavior.

Need for Achievement

A psychological drive to excel or meet certain standards of performance.

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