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X 8.2.3 Question Help A man earned wages of $55,200, received $1500 in interest from a savings account, and contributed $3700 to a tax-deferred retirement
X 8.2.3 Question Help A man earned wages of $55,200, received $1500 in interest from a savings account, and contributed $3700 to a tax-deferred retirement plan. He was entitled to a personal exemption of $4050 and a standard deduction of $6300. The interest on his home mortgage was $7700, he contributed $2900 to charity, and he paid $1950 in state taxes. Find his gross income, adjusted gross income, and taxable income. Base the taxable income on the greater of a standard deduction or an itemized deduction His gross income is $ (Simplify your answer.)
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