Question
Suppose a farmer made a mistake and counted $4,000 of long-term capital gain income as ordinary income on the farm tax return. How much additional
Suppose a farmer made a mistake and counted $4,000 of long-term capital gain income as ordinary income on the farm tax return. How much additional income and social security tax would this mistake cost if the farmer had taxable income of $28,000? Taxable income of $95,000?
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
