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Explain formula for individual’s income tax and business entities.

Posted on November 7, 2022 by Shady

Accounting
Q1. Explain formula for individual’s income tax and business entities. (five marks)
Q2. Arrange relative tax liability by filing status from lowest to highest? (2.5 marks)
Q3. Contrast concepts of Income from accounting , economic and tax perspectives.( use your own words ) (five marks)
Q4. Dignify Items that are not Income under US income tax law. ? (2.5 marks)

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