Federal tax. Please rank the following from the highest to the lowest Ahmed Bake
ID: 2336873 • Letter: F
Question
Federal tax. Please rank the following from the highest to the lowest Ahmed Baker Chinhttps%3A%2F%2Fconnect 3 (Ch 4) 6 Submimod 4.42/5 Total poins awerde Rank the following three single taxpayers in order of the magnitude of taxable income (from lowest to highest) (First taxable income, third means lowest taxable income.) mean highest Ahmed Baker Chin Gross income Deductions for AGI Itemized deductions Deduction for qualified 96,400 $96,400 $96,400 0 7,800 15,680 0 3,680 10,000 15,70 8,925 business income
Explanation / Answer
Ahmed Baker Chin Gross Income 96400 96400 96400 For AGI Deductions 15700 8925 0 Adjusted Gross Income 80700 87475 96400 From AGI Itemized Deduction 0 7800 15600 Deduction for QBI Sec 199A 0 3680 10000 Taxable Income 80700 75995 70800 Rank I II III
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