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Edward and Ethel are ages 71 and 59,respectively,and file a joint return.They have AGI of $11,000 and received $2,000 in nontaxable social security benefits.How much can Edward and Ethel take as a credit for the elderly or the disabled?
Accounts Receivable
Amounts owed to a business by its customers for goods or services delivered but not yet paid for.
Perpetual Inventory System
An accounting method that records inventory transactions in real-time, providing a continuous account of inventory levels.
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