Business, 03.12.2019 05:31 danny1234huang

Charles is a single person, age 35, with no dependents. in 2019, charles has gross income of $75,000 from his sole proprietorship. charles also incurs $80,000 of deductible business expenses in connection with his proprietorship. he has interest and dividend income of $22,000. charles has $7,000 of itemized deductions. charles's taxable income is
a) $6, 650.
b) $17,000.
c) $12, 950.
d) $10, 700.

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Charles is a single person, age 35, with no dependents. in 2019, charles has gross income of $75,000...

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