Question
Bob owns a small business and has a total income of $150,000 for the year. The tax rate for his income bracket is 25%. In
Bob owns a small business and has a total income of $150,000 for the year. The tax rate for his income bracket is 25%. In addition, he has $20,000 in deductible expenses. What is his net income after taxes?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
