Alan and Sara Winthrop are a married couple who file a joint income tax return. They have two children, so they claim a total of 4 exemptions ($4,050 for each exemption). In addition, they have legitimate itemized deductions totaling $25,750. Their total income from wages is $168,100. What is the couple's taxable income? ?
A. $126,150
B. $138,750
C. $142,550
D. $103,400
E. $122,400
Answer: A
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