Calculate tax liability before tax credits for Winsome and Winchester Washington based on the following...
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Accounting
Calculate tax liability before tax credits for Winsome and Winchester Washington based on the following information:
The Washingtons file Married joint:
Salary $80,000 Qualified Sole proprietorship income $30,000 Longterm capital gain $40,000 Contribution to individual retirement account $1,000 Real estate taxes paid $20,000 Medical expenses $25,000 Mortgage interest $30,000. The $900,000, mortgage was signed in 2020 A charitable contribution to the American Kidney Association
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