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Question No. 1 Ms. X, who is 28 and single, has adjusted gross income of $110,000 and itemized deductions of $ 10,000. Insurance $5,000, welfare

Question No. 1

Ms. X, who is 28 and single, has adjusted gross income of $110,000 and itemized deductions of $ 10,000. Insurance $5,000, welfare amount $ 20,000. (2 Marks)

Required:

In 2015, Ms. X will have taxable income of

Answer:

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