Mrs. Liu owns a business as a sole proprietor. Near the end of her taxable year, she

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Mrs. Liu owns a business as a sole proprietor. Near the end of her taxable year, she is evaluating a new opportunity that would generate $25,000 additional income for her business. What marginal tax rate should Mrs. Liu use to compute the tax cost of this opportunity?
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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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