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    This posting addresses taxable income.

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    Thomas Franklin arrived at the following tax information:

    Gross salary, $46,660
    Interest earnings, $225
    Dividend income, $80
    One personal exemption, $3,400
    Itemized deductions, $7,820
    Adjustments to income, $1,150

    What amount would Thomas report as taxable income?

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    https://brainmass.com/business/accounting/posting-addresses-taxable-income-398614

    Solution Preview

    Thomas Franklin arrived at the following tax information:

    Gross salary, $46,660
    Interest earnings, ...

    Solution Summary

    The solution provides the exact calculations needed to calculate taxable income. All calculations are broken down and included.

    $2.19

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