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  • 25-11-2022
  • Mathematics
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Julie, a single taxpayer, has completed her 2019 Schedule C and her net loss is $40,000. Her only other income is wages of $30,000. Julie takes the standard deduction of $12,200 in 2019 a. Calculate Julie's taxable income or loss. b. Calculate the business and nonbusiness portions of her taxable income or loss. c. Determine Julie's 2019 NOL

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