Using a bad check, b purchased a used automobile from a dealer. b then took the automobile to an auction at which the automobile was sold to a party who had no knowledge of its history. when b’s check was dishonored, the dealer brought suit against the party who purchased the automobile at the auction. was the dealer entitled to reclaim the automobile? [greater louisville auto auction, inc. v. ogle buick, inc., 387 s. w.2d 17 (ky.)]

John and sue smith are a married couple who file a joint income tax return. they have two children, so they claim a total of 4 exemptions (based on calendar year 2015 tax law, a personal exemption of $4,000 per person or dependent can be deducted from total income). in addition, they have legitimate itemized deductions totaling $25,750. their total income from wages is $237,500. what is the couple’s taxable income? $195,750 $221,500 $229,500 $205,750