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A taxpayer, age 45, had the following for year 1: W-2 income $ 110,000 Traditional IRA contribution 5,000 Coverdell Education Savings Account contribution 2,000 Qualifying
A taxpayer, age 45, had the following for year 1:
W-2 income | $ | 110,000 | ||||
Traditional IRA contribution | 5,000 | |||||
Coverdell Education Savings Account contribution | 2,000 | |||||
Qualifying medical expenses | 12,000 | |||||
The taxpayer does not participate in any pension or profit-sharing plan other than the traditional IRA. What is the taxpayer's adjusted gross income for year 1?
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$103,500
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$93,000
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$100,000
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$105,000
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