The Au Natural Clothing Factory has changed its year-end from a calendar year-end to March 31, with
Question:
The Au Natural Clothing Factory has changed its year-end from a calendar year-end to March 31, with permission from the IRS. The income for its short period from January 1 to March 31 is $21,000. Calculate the tax for this short period. $ _______________
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Step by Step Answer:
Step 1 Annualize the income 21000 x 123 84000 Step 2 Tax on the annu...View the full answer
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Related Book For 
Income Tax Fundamentals 2015
ISBN: 9781305177772
33rd Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
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