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(TCOs 3, 4, and 6) Gene is single and for 2014 has AGI of $40,000. He is age 65 and has no dependents. For 2014,

(TCOs 3, 4, and 6) Gene is single and for 2014 has AGI of $40,000. He is age 65 and has no dependents. For 2014, he has itemized deductions from AGI of $7,000. Determine Gene's taxable income for 2014.

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