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Determine the Jim AGI and taxable income

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Question - In 2018 the exemption amount is $0 and the standard deduction for single taxpayers is $12,000. In 2018, Jim is single, has salary income of $40,000 and paid $2,000 of interest on a qualified educational loan. Determine the Jim's AGI and taxable income?

Reference no: EM133018709

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