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Annual Salary: $61,000 ABC 1. Determine your annual taxable income if you file single, have one exemption (yourself) and take the standard deduction for 2016.

Annual Salary: $61,000 ABC 1. Determine your annual taxable income if you file single, have one exemption (yourself) and take the standard deduction for 2016. (2016 exemption is $4,050 and the standard deduction for single filer is $6,300)

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