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40. Stan isufinancial advisor currently reporting his income on a Schedule included in his Form 1040. Determine the tax on Sun's business income under the Hall/Rubushia flat tax, given his 2012 business income and expenses listed below. List any assumptions necessary to compute the tax Income Gross receipts $400.000 Expenses Employee wages 125,000 Computer equipment 15,000 Employee benefits Travel and entertainment 10,000 (Simple IRAs, health insurance) 20,000 Operating expenses (rent professional fees, insurance) 45,000 40. Stan isufinancial advisor currently reporting his income on a Schedule included in his Form 1040. Determine the tax on Sun's business income under the Hall/Rubushia flat tax, given his 2012 business income and expenses listed below. List any assumptions necessary to compute the tax Income Gross receipts $400.000 Expenses Employee wages 125,000 Computer equipment 15,000 Employee benefits Travel and entertainment 10,000 (Simple IRAs, health insurance) 20,000 Operating expenses (rent professional fees, insurance) 45,000