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Given the following facts about Patrick Lancer: Calculate his preliminary understatement using the Cash-T method. Schedule C expenses (business expenses per tax return) $105,000 Personal
- Given the following facts about Patrick Lancer:
- Calculate his preliminary understatement using the Cash-T method.
Schedule C expenses (business expenses per tax return) $105,000
Personal living expenses 62,000
Schedule C receipts (business income per tax return) 115,000
- Do you have enough information to determine if Patrick has understated income? If not, what else would you need?
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Internal Quality Systems Auditing
Authors: Paul F. Lewis
1st Edition
1570744076, 978-1570744075
