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Pedro has net taxable income of $80,000 for the year 20X1. His gross income totals $120,000. As part of his gross income, Pedro has
Pedro has net taxable income of $80,000 for the year 20X1. His gross income totals $120,000. As part of his gross income, Pedro has a $20,000 dividend from a Puerto Rico corporation, which withheld $3,000 of income tax from him at source. What is Pedro's regular income tax for 20X1?
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Introduction to Accounting An Integrated Approach
Authors: Penne Ainsworth, Dan Deines
6th edition
78136601, 978-0078136603
