Ben, a resident citizen, earning compensation and business income for 2020 as follows: Compensation income 1,200,000 Gross
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Question:
Ben, a resident citizen, earning compensation and business income for 2020 as follows:
Compensation income | 1,200,000 |
Gross sales | 3,400,000 |
Cost of sales | 1,500,000 |
Operating expenses | 550,000 |
How much is the total amount of tax to be paid by Ben?
Related Book For
Federal Tax Research
ISBN: 9781285439396
10th edition
Authors: Roby Sawyers, William Raabe, Gerald Whittenburg, Steven Gill
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