Your gross income is $92 thousand. The standard deduction is $12000. You contributed $7 thousand...
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Accounting
Your gross income is $92 thousand. The standard deduction is $12000. You contributed $7 thousand to your traditional 401k, and your employer made a matching contribution of 50 cents on the dollar. You also contributed to your Roth IRA for the year, making an $5500 contribution. What is your taxable income for the year
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