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Question & Answer: 1) Greg is single. During 2017, he received $60,000 of salary from his employer. That was his only source of income…..

1) Greg is single. During 2017, he received $60,000 of salary from his employer. That was his only source of income. He reported $3,000 of for AGI deductions and $7,000 of itemized deductions. The 2017 standard deduction amount for a single taxpayer is $6,350 and the 2017 exemption amount is $4,050. What is Gregs taxable income?

1) Greg is single. During 2017, he received $60,000 of salary from his employer. That was his only source of income. He reported $3,000 of for AGI deductions and $7,000 of itemized deductions. The 2017 standard deduction amount for a single taxpayer is $6,350 and the 2017 exemption amount is $4,050. What is Greg’s taxable income?

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Question & Answer: 1) Greg is single. During 2017, he received $60,000 of salary from his employer. That was his only source of income..... 1

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