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Stephanie has an allowable tax deduction of . What is her taxable income if her gross
annual salary is

Ask by Ortega Allan. in Australia
Mar 29,2025

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Stephanie’s taxable income is $39,030.

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The Deep Dive

To find Stephanie’s taxable income, you subtract her allowable tax deduction from her gross annual salary. So, . Therefore, her taxable income is .
This deduction allows taxpayers like Stephanie to reduce their reported income and thereby lower their overall tax liability, providing significant savings. Many people overlook the importance of knowing the deductions available to them, which can lead to missed opportunities for savings on their taxes.

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