Essay
Greg is single. During 2016, 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 2016 standard deduction amount for a single taxpayer is $6,300 and the 2016 exemption amount is $4,050. What is Greg's taxable income?
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$45,950, c...View Answer
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