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Donna is the sole proprietor of Cherry Hill Hair that reported net income of $44,000 for the year. During the year she withdrew $20,000 from

Donna is the sole proprietor of Cherry Hill Hair that reported net income of $44,000 for the year. During the year she withdrew $20,000 from the business for personal use.

How much income from the above must Donna include in her taxable income for the year?

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