1. List tax -deductible expenditures and the deductible amount

2. Below the list of deductible expenses , re-configure your taxes and net income : Subtract your deductible expenses from your gross income to determine your Gross Income (AGI ). Then recalculate your taxes based on the AGI.

3. Subtract your taxes from your Gross Income to determine your updated net income .

Please use formulas for your calculations

Tax calculations should be listed for each type of tax

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