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Francisco's gross income this year is $29,550.  His employer withholds $55 per month to pay for his health insurance premium, and another $60 per month toward his retirement fund.  Since he is single he qualifies for a $12,000 standard deduction.  What is his taxable income?

 Nov 1, 2021
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29 950 - 12 ( 55 + 60) - 12 000 = taxable income

 Nov 1, 2021

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