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Joy is single and has the following income and deductions in 2017. Calculate her adjusted gross income and her taxable income. a) Salary $200,000 b)
Joy is single and has the following income and deductions in 2017. Calculate her adjusted gross income and her taxable income. a) Salary $200,000 b) Active business loss $30,000 c) Interest income $1,500 Alimony paid to ex-husband S15,000 e) Child support paid $5,000 f) Medical expenses $22,000 g) Mortgage interest $15,000 h) Property taxes $4,500 Charitable contributions $20,000 Tax preparation fee (not related to her business) S850
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