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Tanesha, aged 66, is single. She has the following income and expenses in 2017: Net income from sole proprietorship business $43,000 Interest income 1,200 Alimony
Tanesha, aged 66, is single. She has the following income and expenses in 2017:
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The personal exemption for 2017 is $4,050.
a. Classify the following expenses as either "Deductible for AGI", "Deductible from AGI", or "Not deductible".
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In your computations, when required, round all amounts to the nearest dollar.
b. Tanesha's gross income is $, and her AGI is $.
c. Compute the amount of her total itemized deductions (after any limitations): $
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