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17. Julie, a single taxpayer, has completed her 2022 Schedule C and her net loss is $40,000. Her only other income is wages of $30,000.
17. Julie, a single taxpayer, has completed her 2022 Schedule C and her net loss is $40,000. Her only other income is wages of $30,000. Julie takes the standard deduction of $12,950 in 2022. a. Calculate Julie's taxable income or loss. b. Calculate the business and nonbusiness portions of her taxable income or loss. c. Determine Julie's 2022 NOL
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
