After reviewing all the scenarios, we believe scenario 1 (S-1) is likely to be the estimate for the damage; it includes the estimated 3% growth for the average rate ation from 20X1 - 20X5. Scenario 1 also includes $12,100.00 for Harrys projected nal expenses. We support our claim with pieces of evidence that we will establish report. We recognized two

After reviewing all the scenarios, we believe scenario 1 (S-1) is likely to be the estimate for the damage; it includes the estimated 3% growth for the average rate ation from 20X1 - 20X5. Scenario 1 also includes $12,100.00 for Harry's projected nal expenses. We support our claim with pieces of evidence that we will establish report. We recognized two counter-arguments that we were able to refute.

Required:

1) Take into account: the personal expenses (perks) are 10% of income. Personal expenses (perks) are not legitimate tax deductions.

2) Connect the S-1 damage estimate to Harry's tax return. What inferences can you make about, Harry's tax situation? 

Expert Answer

1. Taking into account that personal expenses (perks) are 10% of Harry\'s income, we need to adjust View the full answer