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13. Mr. Coleman, an unmarried individual, has the following income items: Interest income $24,200 Schedule C net profit He has $9,300 itemized deductions and no dependents. Mr. Coleman's Schedule C income is qualified business income (non-service). Compute Mr. Coleman's income tax. 50,600

13. Mr. Coleman, an unmarried individual, has the following income items: Interest income $24,200 Schedule C net profit He has $9,300 itemized deductions and no dependents. Mr. Coleman's Schedule C income is qualified business income (non-service). Compute Mr. Coleman's income tax. 50,600

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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13. Mr. Coleman, an unmarried individual, has the following income items: Interest income $24,200 Schedule C net profit He has $9,300 itemized deductions and no dependents. Mr. Coleman's Schedule C income is qualified business income (non-service). Compute Mr. Coleman's income tax. 50,600
Transcribed Image Text:13. Mr. Coleman, an unmarried individual, has the following income items: Interest income $24,200 Schedule C net profit He has $9,300 itemized deductions and no dependents. Mr. Coleman's Schedule C income is qualified business income (non-service). Compute Mr. Coleman's income tax. 50,600
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