Mr C, an unmarried individual, had the following income items Interest income $ 14,200 Ordinary loss from an S corporation (8,400) Ordinary income from an LLC 179,000 He had $17,300 itemized deductions and no dependents Compute Mr Cs income tax ...

Mr Cs total income 184800 Abovetheline deductions 0 AGI 184800 Itemize ...

Mr. C, an unmarried individual, had the following income items: Interest income $ 14,200 Ordinary loss from

Question:

Mr. C, an unmarried individual, had the following income items:
Interest income …………………………………$ 14,200
Ordinary loss from an S ………….. (8,400)
Ordinary income from an LLC ………………… 179,000
He had $17,300 itemized deductions and no dependents. Compute Mr. C’s income tax. Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...