hn and georgia are a married couple with two dependent sons. their salaries total $130,000. They have a capital loss of $8,000 and tax-exempt interest income of $1,000. they pair home mortgage interest of $10,000, state income taxes of $4,000 and medical expenses of $3,000 and they made charatible contributions of $5,000 (teh tax year is 2018) 1)AGI 2)Itemized deductions

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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John and georgia are a married couple with two dependent sons. their salaries total $130,000. They have a capital loss of $8,000 and tax-exempt interest income of $1,000. they pair home mortgage interest of $10,000, state income taxes of $4,000 and medical expenses of $3,000 and they made charatible contributions of $5,000 (teh tax year is 2018)

1)AGI

2)Itemized deductions

3) personal exemptions

4)calculate taxable income 

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