Question
Mrs. Heather Jones is married with two children and owns a CPA firm and has the following earnings Heather pays herself a salary of $50,000
Mrs. Heather Jones is married with two children and owns a CPA firm and has the following
earnings
Heather pays herself a salary of $50,000 annually.
Firm Net Income 98,500
Capital Gain $1,000
Capital loss (2,000)
Rental Income $1,525
Self- employment Tax $13,918
Standard deduction Individual $12,000
Standard deduction MFJ/Qualified Widow $24,000
Itemized deduction $5,000
What is her taxable income in 2018?
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Why CISOs Fail Security Audit And Leadership Series
Authors: Barak Engel
2nd Edition
1032299258, 978-1032299259
