1. Suppose a single taxpayer earned wages of $52,400 and contributed $7,860 to a tax- deferred retirement plan. (a) (5 p
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1. Suppose a single taxpayer earned wages of $52,400 and contributed $7,860 to a tax- deferred retirement plan. (a) (5 p
1. Suppose a single taxpayer earned wages of $52,400 and contributed $7,860 to a tax- deferred retirement plan. (a) (5 points) What is the taxpayer's gross income? (b) (5 points) What is the taxpayer's adjusted gross income?