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Don Clark determined the following tax information: gross salary, $143,750; interest earned, $1140; personal exemption, $3100; itemized deductions, $7200; qualified retirement plan contributions, $7000. Calculate
Don Clark determined the following tax information: gross salary, $143,750; interest earned, $1140; personal exemption, $3100; itemized deductions, $7200; qualified retirement plan contributions, $7000. Calculate Don's taxable income and tax liability.Please show work.
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