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Mrs Jones is a single individual with no dependents. She has the following income: Interest income: $25,200 Schedule C net profit: $55,600 She has $9,560

Mrs Jones is a single individual with no dependents. She has the following income:

Interest income: $25,200

Schedule C net profit: $55,600

She has $9,560 itemized deductions. Mrs. Jones' Schedule C income is qualified business income (non service.)

Compute: AGI, Taxable Income, Income Tax Assume taxable year is 2020

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