Xyz company had a net loss of 90000 from operations in, Ask an Expert

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XYZ Company had a net loss of $90,000 from operations in 2007. Tina owns XYZ and works 20 hours a week in the business. She has a large amount of income from other sources and is in the 33% marginal tax bracket. Would Tina's tax situation be better if XYZ were a proprietorship or a C-corporation? describe why

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Category:- Accounting Basics
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