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  3. a single taxpayer provided the following informati

A single taxpayer provided the following information for 2020: Salary $45,000 Interest Income from a...

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Accounting

A single taxpayer provided the following information for 2020:

Salary $45,000

Interest Income from a state bond $5,000

Allowable itemized deductions $8,000

What is taxable income? Hint, look at the tax formula.

$32,600

$37,000

$37,600

$24,600

Answer & Explanation Solved by verified expert
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