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(Solved by Expert Tutors) This question is regarding net worth... Assets = $169,958.24 Liabilities


?$157,802.41 Beginning Net Worth = $132,491.51 Reported Net Income is $7,527.33.? Living Expenses $12,646.61, tax deduction $2394.66 and Tax Exemption $2,400.00

?What is the corrected taxable income per net worth method? Is the correct Formula to use? A-L=ending NW?- Beginning NW?+?living expenses = Taxable income

A $33,162.85 b. 7,851.95 c. ?7,527.33

cc. 7

 


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Apr 19, 2020

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