Question
Mrs Jones is a single individual with no dependents. She has the following income: Interest income: $25,200 Schedule C net profit: $55,600 She has $9,560
Mrs Jones is a single individual with no dependents. She has the following income:
Interest income: $25,200
Schedule C net profit: $55,600
She has $9,560 itemized deductions. Mrs. Jones' Schedule C income is qualified business income (non service.)
Compute: AGI, Taxable Income, Income Tax Assume taxable year is 2020
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Security And Audit Field Manual
Authors: Alex Meyer, Mark Polino
1st Edition
B0B72Q3V4M, 979-8841258483
