Question: Question 3 2 pts Peter, age 25, is single. He lives with his disabled and dependent mother, for whom he provides more than a half
Question 3 2 pts Peter, age 25, is single. He lives with his disabled and dependent mother, for whom he provides more than a half of support. Peter earned a $75,000 salary. His other income consisted of $2,000 interest from a bank account and $400 interest on municipal bonds that he previously had received as a graduation gift. In addition, he sustained a deductible capital loss of $5,000 from the sale of stock. His itemized deductions amount to $12,650. What is Peter's taxable income? O $55,950 O $62,200 O $61,600 O $55,350
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