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The information that follows applies to the current year for Aaron and Janelle, a married couple. • Aaron is employed as a shoe salesman; his compensation is $75,000.
• Janelle is employed by the state of Indiana; her compensation is $35,000.
• Aaron and Janelle have total allowable itemized deductions of $12,000.
• Aaron and Janelle have two dependent children.
• Aaron and Janelle have other economic income as follows: - Interest on U.S. Treasury notes $1,000. - Interest on Compost Computer bonds $1,500. - Interest on German government bonds $750. - Interest on City of Nashville. bonds $1,200. - Aaron's wealthy uncle gives him $1,000. - Janelle sold Aaron's football card collection for $3,000. It cost $800. - Janelle sells Aaron's fishing boat for $2,000. Aaron had purchased the boat 3 years ago for $2,800. Based on the above information, what is Aaron and Janelle 's adjusted gross income?
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