Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Algebra Posted 29 Jul 2017 My Price 7.00

Jane and Robert Brown

43.   LO.2, 3, 4 Jane and Robert Brown are married and have  eight  children,  all  of whom  are  eligible  to  be  claimed  as  the  couple’s  dependents. Robert

earns $94,000 working as an accountant, and Jane earns $35,000 as a teaching aide.

Given their large family, the Browns live in a frugal manner. The family maintains     a large garden and some fruit trees from which they get most of their produce, and      the children take family  and consumer science classes  so that  they can  help  make    the family’s clothing.

The Browns record no gross income other than their salaries (all of their invest- ment income is earned from qualified retirement savings), and their itemized deduc- tions are less than the standard deduction. The Browns report no other AMT adjustments or preferences.

a.      What is the couple’s 2015 regular tax liability?

b.     What is the couple’s 2015 AMT?

Answers

Maurice Tutor
(5)
Status NEW Posted 29 Jul 2017 08:07 PM My Price 7.00

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