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A man earned wages of $49,700, received $2000 in interest from a savings account, and contributed $3100 to a tax-deferred retirement plan. He was entitled
A man earned wages of $49,700, received $2000 in interest from a savings account, and contributed $3100 to a tax-deferred retirement plan. He was entitled to a personal exemption of $3200 and had deductions totaling $5250. Find gross income, adjusted gross income, and taxable income. His gross income was $? (Simplify your answer.)
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