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In 2021 a single individual operates business as a sole proprietorship. The business has revenue of $280,000 and expenses of $112,000. The individual also has
In 2021 a single individual operates business as a sole proprietorship. The business has revenue of $280,000 and expenses of $112,000. The individual also has $4,000 in capital loss. The individual has itemized deductions of $9,500. The corporate tax rate is 21%. What is this individual's income tax liability for 2021? $30,369 A $30,609 $31,201 NEXT $31,341 Question navigation 67 BOOKMARK NEXT
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