Rank the following three single taxpayers in order of the magnitude of taxable income (from lowest to
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Question:
Rank the following three single taxpayers in order of the magnitude of taxable income (from lowest to highest). (First mean highest taxable income, third means lowest taxable income.)
| Ahmed | Baker | Chin | ||||
| Gross income | $ | 96,200 | $ | 96,200 | $ | 96,200 |
| Deductions for AGI | 15,600 | 8,675 | 0 | |||
| Itemized deductions | 0 | 7,700 | 14,350 | |||
| Deduction for qualified business income | 0 | 1,950 | 10,000 | |||
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