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Nick and Nicole Are Both 68 Years Old and File

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Nick and Nicole are both 68 years old and file a joint return. They have AGI of $15,000 and receive nontaxable Social Security payments of $4,200 during the current year. What is the amount of the tax credit for the elderly?


Definitions:

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Protective gloves made from nitrile rubber, resistant to oils, chemicals, and puncture, commonly used in medical and automotive work.

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Disposable gloves made from natural rubber latex, used for protection in medical settings and various industries to prevent contamination.

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