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Steve had medical expenses of $4000 in the year and his spouse had dental expenses of $2000. Steve had net and taxable income of $30,000
Steve had medical expenses of $4000 in the year and his spouse had dental expenses of $2000. Steve had net and taxable income of $30,000 and his spouse had net and taxable income of $50,000. If the goal is to pay the least amount of total taxes paid between both of them combined? What sill Steve's medical expenses tax credit be for the year? (the textbook formula: medical expenses paid-3% of net income, limited to $2,397) Select one: a. $765 b. $4000 c. $465 d. $0 Clear my choice Next ge
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