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juan is unmarried with no dependents. in 2022, he reports $125,200 of agi. included in his agi is $16,200 of qualified business income and a $1,200 above-the-line deduction for self-employment tax. he also reports $7,800 of itemized deductions. juan's taxable income is $

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Juan's taxable income is $109,800. Income that is subject to tax after exemptions and deductions is known as taxable income.

Taxable income is different from and less than gross income for both people and corporations.

Gross income, or the entire amount earned during a particular year, is the starting point for both people and businesses. For individual taxpayers, subtracting "above the line" deductions and exemptions such as contributions to some retirement plans, higher education costs, student loan interest, and alimony payments from total income results in the federal taxable income. A taxpayer's adjusted gross income is the outcome of this (AGI). A taxpayer can choose to take the standard deduction or itemise their below-the-line deductions after calculating their AGI, which results in taxable income.

From the given question, we can infer that $109,800 is the gross income that is taxable after all the adjustements and deductions.

Learn more about Taxable Income here: https://brainly.com/question/29343274

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