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Taxable Income. Nick and Nora are married and file jointly. In 2018. they have an adjusted gross income of $40,400. If they have itemized deductions

Taxable Income. Nick and Nora are married and file jointly. In 2018. they have an adjusted gross income of $40,400. If they have itemized deductions of $23,500 and the standard deduction is $24,000, what is their taxable income? Nick and Nora's taxable income is $ *** (Round to the nearest dollar.)

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