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Jake and Christina Are Married and File a Joint Return

question 107

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Jake and Christina are married and file a joint return for 2014 with taxable income of $100,000 and tax preferences and adjustments of $20,000 for AMT purposes.Their regular tax liability is $16,713.What is the amount of their total tax liability?


Definitions:

Balance Theory

A psychological theory suggesting that people prefer harmony and consistency in their relationships, values, and beliefs, and will change or eliminate attitudes or relationships that are discordant.

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The link between an individual's beliefs, feelings, and predispositions towards objects or concepts and their consequent actions or behaviors.

Online Reasoning Skills

The ability to critically evaluate information, identify credible sources, and make informed decisions in the digital environment.

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An organizational structure where hierarchy and rank order define how communication, power, and responsibilities are distributed, typically in a top-down manner.

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