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* * * * * Thomas and Jennifer are married with three children. Thomas is self - employed as a contractor. Their 2 0 2

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Thomas and Jennifer are married with three children. Thomas is self-employed as a contractor. Their 2021 information is as follows:
Wages: Jennifer ($55,000)
Qualified Business Income (sole proprietorship): Thomas ($95,000)
Itemized Deductions: $28,000
Allowable deduction for self-employment tax: $7,050 Thomas and Jennifer's AGI is $____ and their taxable income is $_____.
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