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Ann and Frank are married filing jointly. They support two daughters, ages 4 and 20, who live with them. Ann and Franks Adjusted Gross Income
Ann and Frank are married filing jointly. They support two daughters, ages 4 and 20, who live with them. Ann and Franks Adjusted Gross Income is $155,000. Their tax liability, before considering any tax credits, is $2,050. What is their tax liability or refund after considering any credits for which they might be eligible?
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