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A COUPLE FILES MARRIED FILING JOINT IN 2019 AND HAS ADJUSTED GROSS INCOME OF $255,000...

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Accounting

A COUPLE FILES MARRIED FILING JOINT IN 2019 AND HAS ADJUSTED GROSS INCOME OF $255,000 WHICH CONSISTS OF $115,000 IN WAGES AND $140,000 OF LONG-TERM CAPITAL GAIN FROM A STOCK SALE. THEIR TOTAL ITEMIZED DEDUCTIONS AND ARE $95,000. THUS THEIR TAXABLE INCOME IS $160,000.

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