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Paul & Sally are married and have a combined household income of $80,000 per year. They're trying to keep as much of their hard earned money as possible and need to understand what taxes they owe and ways to saye on their taxes.

Paul & Sally are married and have a combined household income of $80,000 per year. They're trying to keep as much of their hard earned money as possible and need to understand what taxes they owe and ways to saye on their taxes.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Paul & Sally are married and have a combined household income of $80,000 per year. They're trying to keep as much of their hard earned money as possible and need to understand what taxes they owe and ways to save on their taxes. 1. Calculate the taxes owed, using the tax bracket found in the lecture slides. 2. How could Paul & Sally save on their taxes?
Transcribed Image Text:Paul & Sally are married and have a combined household income of $80,000 per year. They're trying to keep as much of their hard earned money as possible and need to understand what taxes they owe and ways to save on their taxes. 1. Calculate the taxes owed, using the tax bracket found in the lecture slides. 2. How could Paul & Sally save on their taxes?
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