Business, 05.02.2021 21:10 christophergaudette0

Rank the following three single taxpayers in order of the magnitude of taxable income (from lowest to highest). (First mean highest taxable income, third means lowest taxable income.) Ahmed Baker Chin
Gross income $94,000 $94,000 $94,000
Deductions for AGI 15,000 8,000 0
Itemized deductions 0 7,400 14,200
Deduction for qualified business income 0 1,800 10,000

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Rank the following three single taxpayers in order of the magnitude of taxable income (from lowest t...