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1. Tom and Linda are married taxpayers who file a joint return. They have itemized deductions of $27,800 and four exemptions. Assuming and adjusted gross

1. Tom and Linda are married taxpayers who file a joint return. They have itemized deductions of $27,800 and four exemptions. Assuming and adjusted gross income of $40,000, what is their taxable income for 2020? Use the United States regulations.

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