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Eugene and Velma are married. For 2012, Eugene earned $25,000 and Velma earned $30,000. They have decided to file separate returns and are each enttled
Eugene and Velma are married. For 2012, Eugene earned $25,000 and Velma earned $30,000. They have decided to file separate returns and are each enttled to claim one personal exemption. They have no deductions for adjusted gross income. Eugene's itemized deductions are $11,200 and Velma's are $4,000. Assuming Eugene and Velma do not live in a community property state, what is Eugene's taxable income?
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