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T THE SAMPSONS-A Continuing Case Dave and Sharon Sampson want to determine their taxes for the current year. Dave will earn $48,000 this year, while
T THE SAMPSONS-A Continuing Case Dave and Sharon Sampson want to determine their taxes for the current year. Dave will earn $48,000 this year, while Sharon's earnings from her part-time job will be $12,000. Neither Dave nor Sharon contributes to a retirement plan at this time. Recall that they have two children. Assume child tax credits are currently $1,000 per child. The Sampsons will pay $6,300 in home mortgage interest and $1,200 in real estate taxes this year, and they will make charitable contributions of $600 for the year. The Sampsons are filing jointly. Go to the worksheets at the end of this chapter to continue this case
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