Rank the following three single taxpayers in order of the magnitude of taxable income (from lowest to highest). (First mean highest taxable income, third means lowest taxable income.)
Ahmed Baker Chin
Gross Income 80000 80000 80000
Deductions for AGI 8000 4000 0
Itemized Deductions 0 4000 8000
Ahmed What ranking: First Second or Third.
Baker What ranking: First Second, or Third
Chin What ranking: First, Second, or Third
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