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Author Question: Charles is a single person, age 35, with no dependents. In 2016, Charles has gross income of $75,000 ... (Read 110 times)

yoooooman

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Charles is a single person, age 35, with no dependents. In 2016, Charles has gross income of $75,000 from his sole proprietorship. Charles also incurs $80,000 of deductible business expenses in connection with his proprietorship. He has interest and dividend income of $22,000. Charles has no itemized deductions. Charles's taxable income is
◦ $6,650.
◦ $10,700.
◦ $12,950.
◦ $17,000.


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Marked as best answer by yoooooman on Sep 13, 2020

cadimas

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yoooooman

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Reply 2 on: Sep 13, 2020
Wow, this really help


xoxo123

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Reply 3 on: Yesterday
Excellent

 

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