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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993 Exercise 41
Cassi (SSN 412-34-5670) has a home cleaning business she runs as a sole proprietorship. The following are the results from business operations for the tax year 2010:
Determine Cassi's self-employment income and prepare Schedule C and Schedule SE. §179 expense is elected on all eligible assets (§179 was not taken on assets purchased last year). The 50% was elected on all 2009 assets.
Determine Cassi's self-employment income and prepare Schedule C and Schedule SE. §179 expense is elected on all eligible assets (§179 was not taken on assets purchased last year). The 50% was elected on all 2009 assets.Explanation
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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
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