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Lyle and Louise are retired living on income from their investments and Social Security benefits. During the current year, they receive the following: I.Cash dividends

Lyle and Louise are retired living on income from their investments and Social Security benefits. During the current year, they receive the following:

I.Cash dividends on stock investments$28,000

II.Interest on municipal bonds5,000

III.Social Security benefits18,000

Lyle and Louise's adjusted gross income is:

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