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  3. mr. and mrs. hunt have the following tax informati

Mr. and Mrs. Hunt have the following tax information for 2022 and file a joint...

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Accounting

Mr. and Mrs. Hunt have the following tax information for 2022 and file a joint return [Note: do NOT consider AMT when preparing the solution to this problem]:

A. Compute their Adjusted Gross Income.
B. Assume AGI is $280,000. Compute their taxable income.
C. Assume taxable income is $230,000. Compute their regular income tax liability.
D. Assume total tax liability is $48,000. What is the net tax due or tax refund?
image 20. Mr. and Mrs. Hunt have the following tax information for 2022 and file a joint return [Note: do NOT consider AMT when preparing the solution to this problem]

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