Question: Problem 2: Individual Tax Formula Problem Use the following information to calculate taxable income for each single individual: Christie Gross Income $45,000 Ellen $45,000

Problem 2: Individual Tax Formula Problem Use the following information to calculate

Problem 2: Individual Tax Formula Problem Use the following information to calculate taxable income for each single individual: Christie Gross Income $45,000 Ellen $45,000 Sarah $45,000 Deductions for AGI 7,000 7,000 0 Itemized deductions 0 7,000 14,000 Deduction for qualified business income 0 2,000 10,000

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