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A person has the following income and expenses: $25,000 Wages Bank interest received 1,000 Municipal bond interest received 2,000 Home electrical bills 3,000 Home mortgage

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A person has the following income and expenses: $25,000 Wages Bank interest received 1,000 Municipal bond interest received 2,000 Home electrical bills 3,000 Home mortgage interest Charitable contributions 11,000 Commuting expenses 1,500 Net business income 500 She is single. Compute her taxable income. please show your work. 4,000 3

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