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Homer Simpson finds himself in a panic attempting to meet the April 15th tax deadline. If Homer and his wife have an income of $60,000,

Homer Simpson finds himself in a panic attempting to meet the April 15th tax deadline. If Homer and his wife have an income of $60,000, earned $1200 in interest, invested $2500 in a tax-deferred savings plan, and have a total of $12,000 in exemptions and deductions, what would be his taxable income?

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