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Revision as of 18:31, 14 September 2026
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The new revenue extra maintenance contracts bring foster new contracts. The next step would be to use "good debt" to leverage our coverage and buy more maintenance contract revenue with our software basis. That makes his final adjusted gross income $57,058 ($39,000 plus $18,058). After he takes his 2006 standard deduction of $6,400 ($5,150 $1,250 for age 65 or over) in addition to personal exemption of $3,300, his taxable income is $47,358.