Jeremy is setting up a service business. He can either operate the business as a sole proprietorship
Question:
a. Compare his tax costs for 2013 considering only income taxes if he is single and he has no other income. Which option do you recommend based solely on these tax costs?
b. Refer to the information in Chapter 4 on employment taxes for employees and self-employed individuals. Complete the analysis of this problem considering both income and employment taxes.
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Related Book For
Taxation For Decision Makers 2014
ISBN: 9781118654545
6th Edition
Authors: Shirley Dennis Escoffier, Karen Fortin
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