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Answer only if you understand American Taxes. Medical Expenses is counted as deduction only if it exceeds 7.5% of Gross income which is 149600. Question
Answer only if you understand American Taxes.
Question 3 5 pts Lee is single and has two daughters, Ava and Alice. He makes $155,600 in gross income from his job at NASA. During the year he had $6,000 in adjustments. He also had $17,600 in qualified medical expenses and $9.000 in other fully itemized deductions. Use the tax info in Canvas to answer the next 7 tax questions below. Income tax held throughout the year - $18,500 3. What is the taxable income? $129.360 $130,800 $117.060 $136,360 Medical Expenses is counted as deduction only if it exceeds 7.5% of Gross income which is 149600.
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