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Paul is a self-employed taxpayer. He has the following transactions: Business gross income Property tax on the office Rental expenses on business equipment Payment of

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Paul is a self-employed taxpayer. He has the following transactions: Business gross income Property tax on the office Rental expenses on business equipment Payment of his health insurance Unreimbursed medical expenses for himself and his dependents Other business expenses What is his net business income? A. $70,000 B. $61,000 C. $55,000

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