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Im stuck. 2.0 points) Barry and Renae Hamilton are married with two dependent children, ages 9 and 11. Renae earned a salary of 595,000 this
Im stuck.
2.0 points) Barry and Renae Hamilton are married with two dependent children, ages 9 and 11. Renae earned a salary of 595,000 this year. In addition, the Hamiltons curred and paid the following expenses during the year: $ Clothing for the family Interest expense on home mortgage on their personal home Vacation in Hawaii Charitable contributions State income taxes withheld from Renae's salary Federal income taxes withheld from Renae's salary 2,000 14,000 8,000 10,000 3,000 12,000 ne Hamilton's taxable income for 2020 is: $70,200 $68,000 564,000. $56,000. none of the above. QUESTION 29 points) Colin invested $10,000 in Ford Motor Company bonds that earn 79. If Colin's marginal tax rate is 249, his after-tax return on the investment (rounded) is: 7.00%. 5.3296. 2.9296. 1.6896. none of the aboveStep by Step Solution
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