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- Calculate the estimated tax for a Schedule C business using the following information: Revenue $50,000 Expenses $30,000 Federal tax rate of 22%, State tax
- Calculate the estimated tax for a Schedule C business using the following information: Revenue $50,000 Expenses $30,000 Federal tax rate of 22%, State tax rate of 6%, Self-Employment (SE) tax rate from the IRS reading. To keep it simple, there are no other deductions to consider. - Calculate the net income for this business including taxes
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Financial Accounting Study Guide
Authors: Jerry J. Weygandt ,Donald E. Kieso ,Paul D. Kimmel
4th Edition
0471205117, 978-0471205111
