John and Julie reported adjusted gross income of $380,500and itemized deduction of $64000for the int

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John and Julie reported adjusted gross income of $380,500and itemized deduction of $64000for the interest on their home acquisition mortgage (principle amount of $890,000) taxes and charitable contribution. They file a joint income tax return and claim their four children as dependents. What is their taxable income for 2015?

 

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