Calculate tax liability before tax credits for Winsome and Winchester Washington based on the following information: The
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Question:
Calculate tax liability before tax credits for Winsome and Winchester Washington based on the following information:
The Washington’s file Married joint:
Salary $80,000
Qualified Sole proprietorship income $30,000
Long-term 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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