David and Elaine have an AGI of $97,800 and file jointly as a married couple. What proportion of their gross income will not be taxed at all, assuming the couple claims a standard deduction of $24,400? (round to nearest percent.)

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The standard deduction of $24,400 is subtracted from their AGI of $97,800, leaving $73,400 subject to tax. The proportion of their income not taxed is $24,400/$97,800, which is approximately 25%.

David and Elaine Have an AGI of $97,800 and File