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56. LO6 Based on the following information, what are the taxable income and tax liability for a single individual? Total income Excludable income Deductions for
56. LO6 Based on the following information, what are the taxable income and tax liability for a single individual? Total income Excludable income Deductions for adjusted gross income Deductions from adjusted gross income $118,000 2,000 2,500 8,000 NNNA 2
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