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The Tanakas filed jointly in 2016. Their AGI is $120,000. They reported $10,000 of itemized deductions and they have two dependent children. The 2016 standard deduction amount is $12,600 and each exemption is $4,050. What is the total amount of from AGI deductions they are allowed to claim on their 2016 tax return?
Current Price
Current Price is the market price at which an asset or service can be bought or sold at a particular time.
Expected Dividend
The anticipated amount that will be paid out in dividends to shareholders of a company, based on past and projected profitability.
Require a Rate of Return
The minimum expected yield by investors to compensate for the risk of an investment, influencing investment decisions and value.
Expected Selling Price
The price at which an asset is projected to sell in the future, based on various factors such as market trends and economic conditions.
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