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Scenario $5$: Exploring Tax Credits

Wages: Sarah $($$$36,000),$ William $($$$28,000)$

Qualified Business Income: William $($$$5,000)$

Itemized Deductions: $$16,000$

Allowable deduction for self$-$employment tax: $$400$

Qualifying Children: $3($ages $8,6,$ and $3)$

Calculate AGI and taxable income. Analyze their potential eli

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