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Mr. and Mrs. David file a joint tax return. They have $169,300 taxable income in...

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Accounting

Mr. and Mrs. David file a joint tax return. They have $169,300 taxable income in 2019, $120,300 of which is ordinary income and $49,000 of which is taxed at a 15% preferential rate. Compute their tax savings from the preferential rate.

A) $7,032

B) $3,448

C) $10,798

D) None of the above.

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