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$16,341.00 Lindsay Wolfe is a single taxpayer. She has provided you with the following information to prepare her 2021 tax return: Her W2 reflects
$16,341.00 Lindsay Wolfe is a single taxpayer. She has provided you with the following information to prepare her 2021 tax return: Her W2 reflects wages of $100,000, with $20,000 of federal income taxes and $4,000 of state income taxes withheld. She has earned interest of $2,000 on a CD given to her by her grandmother. Lindsay's uncle died during the year and she received $10,000 from his estate. Lindsay borrowed $40,000 to buy a nice car and will begin repaying this amount next year. Lindsay owns her own home and has paid $10,000 in mortgage interest and $5,000 in property taxes during 2021. Please refer to the 2021 Tax Rate Schedules and deduction amounts provided in the Quick Reference section of your textbook. I AM UNSURE $14,008.50 $20,185.55 $19,237.50 I DON'T KNOW YET What is Lindsay's tax for 2021?
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