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Compute albert and jenny taxable income

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Reference no: EM132680147

Problem 1: Albert (age 68) and his wife Jenny (age 70) file a joint return. They furnish all of the support of Luke (Albert's 90-year old father) who lives with them. In 2019, the couple received interest and dividend income on corporate stocks and bonds of $50,000 and $6,000 of interest from government municipal bond. Compute Albert and Jenny's taxable income for 2019.

Reference no: EM132680147

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