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During 2013 Richard and Denisa,who are married and have two dependent children,have the following income and losses:
They also incurred the following expenses:
Compute Richard and Denisa's taxable income for the year.(Show all calculations in good form.)
Torsional Shock
A sudden and extreme twist or strain on a mechanical component due to rapid torque variation.
Clutch Shaft
A component in a vehicle's transmission system that connects the clutch to the gearbox, transmitting power from the engine to the transmission.
Pilot Bearings
Bearings that guide and support the end of the transmission input shaft within the crankshaft.
Clutch Pack
Apply/release mechanisms that typically consist of clutch plates, friction discs, and a pressure plate. In a mechanical clutch pack, the pressure plate is mechanically applied. As a component within an automatic transmission, a pressure plate uses tabs that mate with grooves in the clutch drum and is applied hydraulically or electrically.
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