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Carol's income includes $70,000 salary, $2,000 interest income, and $5,000 qualified dividends for the current year. Carol incurred $4,000 investment interest expense and $10,000 itemized
Carol's income includes $70,000 salary, $2,000 interest income, and $5,000 qualified dividends for the current year. Carol incurred $4,000 investment interest expense and $10,000 itemized deductions not including the investment interest expense. Compute Carols income tax liability for the current year assuming she is a single tax filer who does not elect to treat any of the qualified dividends as investment income. Group of answer choices $8,851. $9,201. $9,358. $9,578
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