The Tax Formula for Individuals (LO 1.3) Jason and Mary are married taxpayers in 2017....

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The Tax Formula for Individuals (LO 1.3) Jason and Mary are married taxpayers in 2017. They are both under age 65 and in good health. For 2017 they have a total of $49,400 in wages and $120 in interest income. Jason and Mary's deductions for adjusted gross income amount to $3,815 and their itemized deductions equal $6,080. They claim two exemptions for the year on their joint tax return

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