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Amanda has gross income of $85,000. Amanda has the following expenses: Qualifying student loan interest of $3,000. Mortgage interest of $5,000 State taxes of $4,000
Amanda has gross income of $85,000. Amanda has the following expenses:
- Qualifying student loan interest of $3,000.
- Mortgage interest of $5,000
- State taxes of $4,000
- Qualifying medical expenses of $7,000
Please determine Amanda's taxable income. Be sure to explain your calculations in detail.
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Stand Up To The Irs How To Handle Audit Tax Bill And Tax Count
Authors: Frederick W. Daily, Robin Leonard
1st Edition
0873373375, 978-0873373371
