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In 2015, Dominique and Felix are married and file a joint Federal Income tax return. Their AGI
is $ 312,650, and they claim three dependency exemptions. Compute the taxpayers total
deduction for exemptions for the year.
Solution
standard deduction =$12,600
Total deduction for exemption=12600+(5*4000)= $32,600
5*4000 is for 3 dependency and dominic and felix total 5

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In 2015, Dominique and Felix are married and file a joint Federal In.pdf

  • 1. In 2015, Dominique and Felix are married and file a joint Federal Income tax return. Their AGI is $ 312,650, and they claim three dependency exemptions. Compute the taxpayers total deduction for exemptions for the year. Solution standard deduction =$12,600 Total deduction for exemption=12600+(5*4000)= $32,600 5*4000 is for 3 dependency and dominic and felix total 5