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Required information [The following information applies to the questions displayed below] This year Randy paid $28,150 of interest on his residence. (Randy borrowed $452,000 to

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Required information [The following information applies to the questions displayed below] This year Randy paid $28,150 of interest on his residence. (Randy borrowed $452,000 to buy his residence, which is currently worth $502,000 ) Randy also paid $2,550 of interest on his car loan and $4,275 of margin interest to his stockbroker (investment interest expense). How much of this interest expense can Randy deduct as an itemized deduction under the following circumstances? a. Randy received $2,240 of interest this year and no other investment income or expenses. His AGl is $75,000. b. Randy had no investment income this year, and his AGI is $75,000. Required information [The following information applies to the questions displayed below] Stephanie is 12 years old and often assists neighbors on weekends by babysitting their children. Calculate the 2022 standard deduction Stephanie will claim under the following independent circumstances (assume that Stephanie's parents will claim her as a dependent). a. Stephanie reported $1,200 of earnings from her babysitting. b. Stephanie reported $2,130 of earnings from her babysitting. c. Stephanie reported $18,495 of earnings from her babysitting

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