Matt and Becky are both 66 years of age. Matt still works and earned $38,000 last year. Matt and Bec

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Matt and Becky are both 66 years of age. Matt still works and earned $38,000 last year. Matt and Becky also have the following income:

 

                               Interest income                                                       $2,000

                               Dividends                                                                   3,400

                               Tax exempt interest                                               2,700

                               Social security benefits                                          13,800

Determine their taxable income and tax liability.

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