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There are two gumball machines outside the local grocery store, one large machine and one small machine. Both machines have only yellow and orange gumballs, and each machine contains 50 percent of each color. For each coin, the large gumball machine dispenses 15 gumballs, while the small machine dispenses 5. Tim is a young genius whose interests include probability and sound decision-making. His "probability project of the day" is to get a greater percentage of either of the colors, but not an equal amount of each color. Given this, and presuming Tim has only one coin,
Single
A filing status for individuals not married, divorced, or legally separated, affecting the tax rates and deductions they qualify for.
Child Tax Credit
A tax credit available to taxpayers for each qualifying dependent child, aimed at reducing the taxpayer's liability on a dollar-for-dollar basis.
AGI
Adjusted Gross Income (AGI) refers to an individual's total gross income minus specific deductions used to determine their taxable income on a federal tax return.
Twin Daughters
Refers to a set of female offspring born during the same pregnancy, sharing a special bond but considered as individual dependents for tax and legal purposes.
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