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$42,000.
$42,800.
Question 6.6. (TCO 2) _____ can be calculated as a result of various
items being subtracted from gross income, such as individual
retirement account contributions and alimony payments.
Adjusted gross income
Taxable income
Earned income
Passive income
Total exclusions
Question 7.7. (TCO 2) When filing your taxes, a set amount on which
no taxes are paid is called _____.
itemized deductions
withholding
an earned tax credit
the standard deduction
capital gains
Question 8.8. (TCO 2) Taxes owed can be reduced through _____.
the standard deduction
a tax credit
an itemized deduction
an exclusion