Answered

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Jerry has the following assets: a house with equity of $15,000, a car with equity of $2,500, and household goods worth $6,000 (no single item over $400). He also has tools worth $5,800 that he needs for his business. Using the federal list, the total amount of exemptions that Jerry would be allowed is $ .00. Using the state list, the total amount of exemptions that Jerry would be allowed is $ .00. The State list will be more favorable for him.

Sagot :

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