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Harris received scholarships this year totaling $15,000. He has $20,000 in qualified educational expenses this year and he is in the 10% marginal tax bracket.
Harris received scholarships this year totaling $15,000. He has $20,000 in qualified educational expenses this year and he is in the 10% marginal tax bracket. He also earned $12,000 part-time as a tutor. How much tax will he owe from the scholarship? Select answer from the options below $1,500. $700. $300. $0
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