PRINCIPLES OF TAXATION F/BUS.+INVEST.
PRINCIPLES OF TAXATION F/BUS.+INVEST.
22nd Edition
ISBN: 9781259917097
Author: Jones
Publisher: MCG
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Chapter 14, Problem 11IRP

Mr. and Mrs. Marceleno own a sole proprietorship that generates approximately $60,000 annual net profit. This business is the couple’s only source of income. In April, June, and September, they paid their estimated tax payments. In December, they won $250,000 in a state lottery.

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PRINCIPLES OF TAXATION F/BUS.+INVEST.

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