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Listen Ms. Marnie Lawson and her spouse, Lloyd Lawson, have 2020 medical expenses which total $7100. While Ms. Lawson has 2020 Net Income for Tax
Listen Ms. Marnie Lawson and her spouse, Lloyd Lawson, have 2020 medical expenses which total $7100. While Ms. Lawson has 2020 Net Income for Tax purposes of $155000, Lloyd's only income is $600 in savings account interest. They have one child, Mandy, who is 24 and has 2020 medical expenses of $4500 and Net Income for Tax Purposes of $5600. Ms. Lawson pays all of the medical expenses. Determine Ms Lawson's medical expense tax credit for 2020. Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Your Answer: 7100
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