Charles is a single person age 35 with no dependents in, Ask an Expert

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Charles is a single person, age 35, with no dependents. In 2010, 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 no itemized deductions. Charles's taxable income is?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9983540

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