Ferran operates a boutique yarn store from their own. The store had accounting income as follows:...
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Ferran operates a boutique yarn store from their own. The store had accounting income as follows: 89,300 Revenue Expenses $8,000 Supplies $1,500 Meals $3,000 Tax Expense $1,000 Life Insurance (she has no debt) $75,800 Net income after tax Calculate Ferran's taxable income based on what you know about them? Ferran operates a boutique yarn store from their own. The store had accounting income as follows: 89,300 Revenue Expenses $8,000 Supplies $1,500 Meals $3,000 Tax Expense $1,000 Life Insurance (she has no debt) $75,800 Net income after tax Calculate Ferran's taxable income based on what you know about them?
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Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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