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Drake and Davina Are Married and File a Joint Return

question 94

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Drake and Davina are married and file a joint return for 2017 with taxable income of $100,000 and tax preferences and adjustments of $51,000 for AMT purposes.Their regular tax liability is $16,478.What is the amount of their total tax liability?


Definitions:

Shipping Container

A large, standardized metal box used for the efficient, safe, and secure transport of goods over long distances, often by sea or land.

Dental Floss Dispenser

A device designed to hold and dispense dental floss, often facilitating ease of use and encouraging better dental hygiene practices.

Secondary Package

The additional outer packing of a product that provides extra protection or information, and may play a role in marketing strategies.

Primary Package

The packaging the consumer uses, such as the toothpaste tube, from which he or she typically seeks convenience in terms of storage, use, and consumption.

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