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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
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 | $ | 91,000 | $ | 91,000 | $ | 91,000 |
Deductions for AGI | 14,250 | 7,250 | 0 | |||
Itemized deductions | 0 | 7,100 | 14,210 | |||
Deduction for qualified business income | 0 | 2,000 | 10,000 | |||
Ahmed Baker Chin |
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