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Jimmy's total allowable medical expenses in 2017 were $3,200. His net income was $70,000 and the cut-off for the medical expense amount in 2017 was
Jimmy's total allowable medical expenses in 2017 were $3,200. His net income was $70,000 and the cut-off for the medical expense amount in 2017 was 3% of net income. What was his Federal medical expense tax credit in 2017? The lowest federal tax rate was 15%.
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