What is taxable income

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Your adjusted gross income (AGI) is $88,000, You do not own a home but have charitable contributions of $14,500 and $4000 interest on your student loans that you have paid throughout the year. This year you also have medical expenses of $15,000, which must pass a AGI test of 7.5% in order to be deducted. You are allowed a standard deduction of $12.550, there is no personal exemptions this year, What is your taxable income?

Reference no: EM133276149

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