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Bob, a taxpayer that files his return using single status, is the sole shareholder of ABC Corporation, an S Corporation. ABC Corporation has a net
Bob, a taxpayer that files his return using single status, is the sole shareholder of ABC Corporation, an S Corporation. ABC Corporation has a net operating loss of $50,000. Prior to taking into consideration the net operating loss of ABC Corporation, Bob's taxable income is S75,000.
Calculate Bob's total tax liability:
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