Taxable income using the information in problem if tracys, Ask an Expert

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Taxable Income. Using the information in problem, if Tracy's standard deduction is $5,950 and her exemption is $3,800, what is her taxable income?

Problem
Itemized Deductions. Tracy is single and had an adjusted gross income of $37,000 in 2012. Tracy also has the following items:

236_Table 3.jpg

How much may Tracy claim as itemized deductions?

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Category:- Financial Management
Reference No.:- M92061078

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