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Find the gross income, the adjusted gross income, and the taxable income. Base the taxable income on the greater of a standard deduction or an
Find the gross income, the adjusted gross income, and the taxable income. Base the taxable income on the greater of a standard deduction or an itemized deduction. A taxpayer earned wages of $47,750, received $190 in interest from a savings account, and contributed $2100 to a tax-deferred retirement plan. She is entitled to a standard deduction of $12,550. The interest on her home mortgage was $2700, she contributed $600 to charity, and she paid $1350 in state taxes. Her gross income is $ (Simplify your answer.) Her adjusted gross income is $ (Simplify your answer.) Her taxable income is $ (Simplify your answer.)
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