2. Calculate taxable income if claiming the standard deduction:
$35,000 AGI
Less: $5,800 personal exemption
Less: $12,000 Social Security income
Less: $14,200 residual standard deduction
Equals: $3,000 taxable income
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$35,000 AGI
Less: $5,800 personal exemption
Less: $12,000 Social Security income
Less: $14,200 residual standard deduction
Equals: $3,000 taxable income