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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.

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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. Note: First mean highest taxable income, third means lowest taxable income. Gross income Ahmed $ 92,500 Baker $ 92,500 Chin $ 92,500 Deductions for AGI 14,625 7,625 Itemized deductions 7,250 14,400 Deduction for qualified business income 2,000 10,000 Ahmed Baker Chin

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