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Mr. Kane is single (age 28) with no dependents and had adjusted gross income of $42,000 for 2022. His itemized deductions were $7,750 and consisted
Mr. Kane is single (age 28) with no dependents and had adjusted gross income of $42,000 for 2022. His itemized deductions were $7,750 and consisted solely of real estate taxes. Mr. Kane incurred $ 5,000 of education expenses eligible for the American Opportunity education credit. Compute Mr. Kanes 2022 tax liability.
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