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Bob is not married and with no dependents. During 2023, he received $60,000 of salary...

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Accounting

Bob is not married and with no dependents. During 2023, he received $60,000 of salary from his employer. That was his only source of income. He reported $3,000 of loss in a side business. Additionally, Bob paid $9,000 of state income and property taxes. What is Bob taxable income? Show and label your work for full credit.
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