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Using the 2012 US Tax Table, calculate the tax owed for Gary and Becky who...

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Accounting

Using the 2012 US Tax Table, calculate the tax owed for Gary and Becky who are filing jointly and have 2 dependent children.

Their gross income was $94,000

They had no adjustments.

Their deductions are:

$12,000 mortgage interest

$5,000 charitable donations

$2,500 in student loan interest

They have a tax credit of $2,000. What do they owe?

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