Byron,54,is a single,self-employed,carpenter.During 2016,he earns gross revenues of $60,000 and incurs $6,000 of business expenses.His itemized deductions for the year are $8,000.Determine Byron's taxable income and his total tax liability.

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The Answer of Byron,54,is a single,self-employed,carpenter.During 2016,he earns gross revenues of $60,000 and incurs $6,000 of business expenses.His itemized deductions for the year are $8,000.Determine Byron's taxable income and his total tax liability.

Byron,54,is a Single,self-Employed,carpenter