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    Exam 3: Tax Formula and Tax Determination; an Overview of Property Transactions
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    Jason and Peg Are Married and File a Joint Return
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Jason and Peg Are Married and File a Joint Return

Question 57

Question 57

True/False

Jason and Peg are married and file a joint return. Both are over 65 years of age and Jason is blind. Their standard deduction for 2017 is $16,450 ($12,700 + $1,250 + $1,250 + $1,250).

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