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28. Ron and Gayle, both over 65 years of age, have the following sources of...

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Accounting

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28. Ron and Gayle, both over 65 years of age, have the following sources of income: $36,000 4,000 Consulting income Interest income Tax-exempt interest Social Security benefits 4,000 12,000 Ron and Gayle have itemized deductions of $16,000. Compute their taxable income

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