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Ms. Marnie Lawson and her spouse, Lloyd Lawson, have 2021 medical expenses which total $7600. While Ms. Lawson has 2021 Net Income for Tax purposes
Ms. Marnie Lawson and her spouse, Lloyd Lawson, have 2021 medical expenses which total $7600. While Ms. Lawson has 2021 Net Income for Tax purposes of $175000, Lloyd's only income is $1600 in savings account interest. They have one child, Mandy, who is 24 and has 2021 medical expenses of $7200 and Net Income for Tax Purposes of $7700. Ms. Lawson pays all of the medical expenses. Determine Ms. Lawson's medical expense tax credit for 2021.
Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response.
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