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Mathematics, 15.04.2021 23:30 Naysa150724

Hogan and his wife file jointly. They have two children, gross earnings of $79,100, and interest income in the amount of $2,600. They made an IRA contribution of $3,200 and paid the following: $1,200 in other taxes, $5,500 in home mortgage interest, and $950 in donations. Find the amount of tax they would owe for the year. $49,700.00
$4,672.50
$7,650.00
$6,527.50

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