Bob is a self-employed consultant who earns $100,000 in revenue per year. He has $20,000 in allowable

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Bob is a self-employed consultant who earns $100,000 in revenue per year. He has $20,000 in allowable deductions and pays $12,000 in business expenses. Bob's marginal tax rate is 32%. Calculate Bob's taxable income and his total tax liability.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

Posted Date: Mar 06, 2023 03:21 AM

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Bob is a self-employed consultant who earns $100,000 in revenue per year. He has $20,000 in allowable

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Income Tax Fundamentals 2013

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