In the previous year Jimmy had incurred a loss of $29,000 after a deduction of $12,000 for

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In the previous year Jimmy had incurred a loss of $29,000 after a deduction of $12,000 for superannuation for himself and a donation to World Vision $2,000.

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How can we include this loss under allowable deductions in order to get taxable income?

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Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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Posted Date: Apr 18, 2022 03:47 AM

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In the previous year Jimmy had incurred a loss of $29,000 after a deduction of $12,000 for

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Modern Principles of Economics

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