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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)
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
3rd Canadian edition
978-1118727737, 1118727738, 978-1118033890
