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16-02-2024
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Elton Weiss and Reyna Herrera-Weiss are married and report the following income items:
Elton’s salary $ 254,000
Reyna’s Schedule C net profit 50,000
The income tax deduction for Reyna's SE tax was $3,532.
Elton contributed the maximum to a Section 401(k) plan, and Reyna contributed the maximum to a SEP plan. Both spouses contributed $2,750 to their IRAs. Required: Compute their AGI.

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