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Assume the standard deduction for a single person is $6,350. Daniel Simmons arrived at the following tax information: Gross salary Dividend income Itemized deductions $

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Assume the standard deduction for a single person is $6,350. Daniel Simmons arrived at the following tax information: Gross salary Dividend income Itemized deductions $ 48,880 Interest earnings $ 140 One personal exemption $ 7,520 Adjustments to income $ 200 3.4,050 $ 980 What amount would he report as taxable income? Taxable income

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