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Mary a single taxpayer with two dependent children has the following items of income and expense during 2015 Gross receipts from business $144000 Business Expenses
Mary a single taxpayer with two dependent children has the following items of income and expense during 2015
Gross receipts from business $144000
Business Expenses 180000
Alimony Received 22000
Interest Income 3000
Itemized Deductions 24000
Determine Mary's taxable income for 2015
Determine Mary's NOL for 2015
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