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Please Show the work Harry and Ginny Potter have been married for 20 years and have four children who qualify as their dependents (Lily, 6:

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Please Show the work
Harry and Ginny Potter have been married for 20 years and have four children who qualify as their dependents (Lily, 6: Albus, 9; Severus, 15; and Sirius, 18). The couple received salary income of S270,000 and they sold their home this year. They initially purchased the home 8 years ago for $250,000 and have lived in it ever since. They sold it for $650,000. They sold some stock they had owned for 4 years and had a $8,000 loss on the sale. The Potter's also cashed in a Certificate of Deposit carly during the year and paid a $975 penalty on the early withdrawal. The Potter accumulated $29,850 of itemized deductions and they had $10,550 withheld from their paychecks for federal taxes. Gross Income Deductions FOR AGI Adjusted Gross Income Standard Deduction Itemized Deductions Taxable income Tax Liability Other Taxes, Prepayments, Credits Amount Due OR Refund Use the table below to show what you did and did not include in Gross Income, Deductions and/or other items and your explanation. Feel free to add additional rows as necessary. Item Amount Explanation Harry and Ginny Potter have been married for 20 years and have four children who qualify as their dependents (Lily, 6: Albus, 9; Severus, 15; and Sirius, 18). The couple received salary income of S270,000 and they sold their home this year. They initially purchased the home 8 years ago for $250,000 and have lived in it ever since. They sold it for $650,000. They sold some stock they had owned for 4 years and had a $8,000 loss on the sale. The Potter's also cashed in a Certificate of Deposit carly during the year and paid a $975 penalty on the early withdrawal. The Potter accumulated $29,850 of itemized deductions and they had $10,550 withheld from their paychecks for federal taxes. Gross Income Deductions FOR AGI Adjusted Gross Income Standard Deduction Itemized Deductions Taxable income Tax Liability Other Taxes, Prepayments, Credits Amount Due OR Refund Use the table below to show what you did and did not include in Gross Income, Deductions and/or other items and your explanation. Feel free to add additional rows as necessary. Item Amount Explanation

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