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In 2023, Francisco purchased a new Ford F-150 Lightning. The purchase meets all the requirements...

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Accounting

In 2023, Francisco purchased a new Ford F-150 Lightning. The purchase meets all the requirements to qualify for the Clean Vehicle Credit. Francisco is a single taxpayer, and his modified adjusted gross income (MAGI) is $67,500. He determines he owes $3,500 in income tax for 2023. What is the amount of the Clean Vehicle Credit Francisco can claim on his Federal tax return

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