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I cannot figure out line 11 Note: This problam is for the 2021 tax year. 275. Waldham Road, Mleasant Hilf, NM 88135 . She Celled
I cannot figure out line 11
Note: This problam is for the 2021 tax year. 275. Waldham Road, Mleasant Hilf, NM 88135 . She Celled her busifest Writern Andmymous. lanice is a cash basis taxpoyer. She llves at 132 . During 202t, Janice reported the following income and expense items connected with har busitess. passibie. - Furniture and fintures (new) costing 12t,000 on January 10 - Computer equipment (new) costing 112.400 on July 211 Janice reports interest ircome of s4.0o0 the amount allowed by the saies tax table is 1437. for 2021 Requiredi Compute lenice Morganis 2021 Federal income tax payadie (or rehand Gue]. - Make reafistic assumptions about any missing data. 1 Navimum anocet (see inssrectioss) 2 focal cost of sechos 1 r9 procerty pucet in terven (tice iratruchisns) 3 Thresheid onst of tration 27y scogerty beftre reduction in lini tation (see inatrucbotu) aee instructions Step by Step Solution
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