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OpenStudy (anonymous):
Jeffrey earned a gross income of $59,860 last year. He made $1,933.07 in student loan interest deductions, donated $3,702 to his favorite charities and paid $2,959.20 in home mortgage interest. Jeffrey claims a standard deduction of $11,400 for himself and his non-working spouse. If their exemption is $7,300, what is their taxable income?
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