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Lowell, a single taxpayer had the following items occur in 2023: Salary $30,000 Interest income from IBM Corporation 5,000 Business income (revenue) 150,000 Business deductions

Lowell, a single taxpayer had the following items occur in 2023: Salary $30,000 Interest income from IBM Corporation 5,000 Business income (revenue) 150,000 Business deductions (expenses) 500,000 Long term capital gain on the sale of stock 25,000 Required: Determine Lowells AGI for 2023. Answer text Question 15 Rich text editor

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