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Determine the taxable income for the following taxpayer. Fred age 66 is unmarried He supports his grandson age 10 who lives with him Freds income

Determine the taxable income for the following taxpayer. Fred age 66 is unmarried He supports his grandson age 10 who lives with him Freds income is as follows

wages 40000

interest from a CD 2000

interest from City of Hayward municipal bonds 1200

qualified dividends 500.

Fred is not itemizing deductions this year.

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