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Question 5 0 / 0 pts Meg and Ryan are married and file a joint return. They have two young children (ages 3 and 5)

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Question 5 0 / 0 pts Meg and Ryan are married and file a joint return. They have two young children (ages 3 and 5) that live with them full time. Assume these children meet the criteria for the child tax credit. Also assume that their employers withheld $3,148 of federal income tax from their paychecks. Recall that the 2020 standard deduction amount for married filing jointly is $24,800, and that the value of the child tax credit is $2,000. In 2020, Meg and Ryan realized the following items of income and expense. Meg's salary $50,848 Ryan's salary $57,162 Interest paid on credit card debt $8,969 Ryan received a cash gift of $6,822 Interest paid on home mortgage for primary residence $3,212 Contributions of Cash to a qualified Charity $11,310 State income taxes paid $2,515 Local real property taxes $2,343 Net capital loss $8,186 Please enter Meg and Ryan's Adjusted Gross Income (AGI) into the box below. at You Answered 100,152 Il Correct Answer 105,010

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