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Problem 4-34 (LO 4-1, LO 4-2) (Algo) Rank the following three single taxpayers in order of the magnitude of taxable income (from lowest to highest).

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Problem 4-34 (LO 4-1, LO 4-2) (Algo) Rank the following three single taxpayers in order of the magnitude of taxable income (from lowest to highest). Assume none of the taxpayers contributed to charity this year. (First mean highest taxable income, third means lowest taxable income.) Ahmed Baker Gross income Chin $ 96,200 596,200 $ 96,200 Deductions for AGI 15,600 6,720 @ Itemized deductions 7,700 Deduction for qualified business income 15, 470 3,070 10.000 Ahmed Baker Chin

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