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Jeff and Kathy O'Connor file a 1040 jointly. Jeff earned $39,000 and Kathy earned $13,700 working part time. The O'Connors have four children. Jeff contributed $3,500 to his IRA. They had $5,200 in medical and dental expenses. They paid $4,390 in real estate taxes, $7,260 in mortgage interest, and made $1,500 in charitable contributions. Together they had $1,825 withheld for income tax during the year. Using a tax table, how much additional tax do they owe or what is their refund?
Theodor Adorno
A German philosopher and sociologist known for his work on critical theory, aesthetics, and the culture industry's impact on society.
Max Horkheimer
A German philosopher and sociologist, known for his work in critical theory as a member of the Frankfurt School.
Antitrust
Laws and regulations that are intended to promote competition by regulating the conduct of companies to prevent monopolies and promote fair business practices.
Monopoly
A situation in which a single company or entity has exclusive control over a particular market or product, limiting competition.
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