Bob is a self-employed consultant who earns $100,000 in revenue per year. He has $20,000 in allowable
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Bob is a self-employed consultant who earns $100,000 in revenue per year. He has $20,000 in allowable deductions and pays $12,000 in business expenses. Bob's marginal tax rate is 32%. Calculate Bob's taxable income and his total tax liability.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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