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Income Tax Liability 1. An individual is getting ready to prepare their tax return for the year. All of the relevant information she needs for

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Income Tax Liability 1. An individual is getting ready to prepare their tax return for the year. All of the relevant information she needs for filing are listed below. The individual eamed $95K last year and camed no investment income. She spent S5K on work-related expenses; these are above-the-line deductions. She paid $6K for child care expenses; individuals with income >$30K carn a 12% child care credit. She spent $6.5K on mortgage interest; mortgage interest is deductible. She spent $9.6K on medical expenses; medical expenses > 7.5% of one's AGI are deductible. She spent $19K on tuition for one child; a tax credit of 9% of tuition is available for income

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