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Sandy Assam enjoys betting on horse and dog races. This year, she won $ 4 , 3 0 8 and lost $ 6 , 7
Sandy Assam enjoys betting on horse and dog races. This year, she won $ and lost $ on her gambling activities. Assume Sandys marginal tax rate is percent and the taxable year is Required: Compute the aftertax cost of her gambling assuming that she does itemize deductions. Compute the aftertax cost of her gambling assuming that she doesnt itemize deductions.
Sandy Assam enjoys betting on horse and dog races. This year, she won $ and lost $ on her gambling activities. Assume Sandys marginal tax rate is percent and the taxable year is
Required:
Compute the aftertax cost of her gambling assuming that she does itemize deductions.
Compute the aftertax cost of her gambling assuming that she doesnt itemize deductions.
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