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A taxpayer has calculated most of their return, and realizes that they missed on claiming a deduction for their self-employment tax paid. They are in
A taxpayer has calculated most of their return, and realizes that they missed on claiming a deduction for their self-employment tax paid. They are in the 22% bracket, and their total calculated self-employment tax is $4,356. When they take the deduction, how much ordinary income tax will they save? (Round to the nearest dollar) Select one: a. $479 b. $523 c. $261 d. $958
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Financial Accounting
Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin
6th Canadian edition
134564146, 978-0134141091, 134141091, 978-0134564142
