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Business, 12.02.2021 07:20 dice50

My current income is $40,000. I believe that I owe $8,000 in taxes. For $500, I can hire a CPA to review my tax return; there is a 20% chance that she will save me $4,000 in taxes. My utility function for (disposable income) (current income) (taxes) (payment to accountant) is given by x where x is disposable income. Should I hire the CPA

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My current income is $40,000. I believe that I owe $8,000 in taxes. For $500, I can hire a CPA to re...
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