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Ben files his tax return as an unmarried individual. His gross income for the year consisted of $100,000 of investment income. During the year Ben

Ben files his tax return as an unmarried individual. His gross income for the year consisted of $100,000 of investment income. During the year Ben incurred $20,000 of investment expenses that are deductible under 212. Ben has no other income or deductions. What is Ben's taxable income?

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