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Rank the following three single taxpayers in order of the magnitude of taxable income. Assume none of the taxpayers contributed to charity this year.
Rank the following three single taxpayers in order of the magnitude of taxable income. Assume none of the taxpayers contributed to charity this year. Note: First mean highest taxable income, third means lowest taxable income. Gross income Deductions for AGI Itemized deductions Deduction for qualified business income Ahmed Baker Chin Ahmed $ 92,500 Baker $ 92,500 14,625 7,625 0 7,250 0 1,575
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