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Exercise 26-18 (LO. 7) On June 15, 2018, Sheridan filed his 2017 income tax return, paying a tax of $10,500. On October 5, 2019, he
Exercise 26-18 (LO. 7) On June 15, 2018, Sheridan filed his 2017 income tax return, paying a tax of $10,500. On October 5, 2019, he filed an amended 2017 return showing an additional $6,400 of tax, which he paid with the amended return. On August 22, 2021, he filed a claim for a refund of $7,000. Assuming that Sheridan is correct in claiming a refund, how much tax can he recover? Exercise 26-18 (LO. 7) On June 15, 2018, Sheridan filed his 2017 income tax return, paying a tax of $10,500. On October 5, 2019, he filed an amended 2017 return showing an additional $6,400 of tax, which he paid with the amended return. On August 22, 2021, he filed a claim for a refund of $7,000. Assuming that Sheridan is correct in claiming a refund, how much tax can he recover
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