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Drew and Meg, ages 40 and 41, are married and file a joint return. In addition to four dependent children, they have AGI of 65,000 and itemized...

Drew and Meg, ages 40 and 41, are married and file a joint return. In addition to four dependent children, they have AGI of 65,000 and itemized deductions of 12,000. What is their taxable income for 2011?

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