Compute taxable income for the year

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A is single and has the following items of income and expense: Salary $25,000 Bank interest income $3,000 Interest income on a bond issued by California $2,500 Contributions to an IRA (non- Roth) $1,200 State and local income taxes $2,000. Gambling losses $7,500 A has no dependents. Compute A’s taxable income for the year. what would A's taxable income be?

Reference no: EM131832166

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