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hello this is a federal tax accoutinf question its due in 8 hours i need to to determine her taxable income and explain why please
hello this is a federal tax accoutinf question its due in 8 hours i need to to determine her taxable income and explain why please help while i am in the hospital
Amanda has gross income of $85,000. Amanda has the following expenses: Qualifying student loan interest of $3,000. Mortgage interest of $5,000 State taxes of $4,000 Qualifying medical expenses of $7,000 So, If a single taxpayer has income below $75,000 they can deduct up to $2,500 of student loan interest. If the income is between $75,00090,000, the amount of deduction based on the fraction discussed in the handouts Step by Step Solution
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