Bob owns a small business and has a total income of $150,000 for the year. The tax

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Bob owns a small business and has a total income of $150,000 for the year. The tax rate for his income bracket is 25%. In addition, he has $20,000 in deductible expenses. What is his net income after taxes?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

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

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Posted Date: Mar 19, 2023 11:52 PM

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Bob owns a small business and has a total income of $150,000 for the year. The tax

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Income Tax Fundamentals 2013

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