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Jake and Christina Are Married and File a Joint Return

question 104

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Jake and Christina are married and file a joint return for 2019 with taxable income of $100,000 and tax preferences and adjustments of $30,000 for AMT purposes.Their regular tax liability is $13,717.What is the amount of their total tax liability?


Definitions:

Doctrine

A system of principles or tenets adopted and propagated by a religious organization, political entity, or similar body.

Consent

Agreement or permission given by a person with full understanding of the facts and implications of an action or decision.

Creditor Beneficiary

A third party that benefits from a contract, especially one to whom a debtor owes a payment or performance.

Debt

An obligation or amount of money owed by one party to another, typically as a result of a loan or credit arrangement.

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