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Determine sam taxable income for 2014

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Reference no: EM13511450

Sam, age 45, is single. For 2014, he has the following items:
Business income $70,000
Business expenses 75,000
Alimony paid 12,000
Interest income 3,000
Itemized deductions 8,000
a. Determine Sam's taxable income for 2014.

Reference no: EM13511450

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