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

question 95

Essay

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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Definitions:

Edmund Burke

An Irish statesman, author, orator, political theorist, and philosopher, known for his support of the American Revolution and as a founder of conservative political theory.

King George III

Monarch of Great Britain and Ireland from 1760 until 1820, whose reign included the American Revolution and the early stages of the Napoleonic Wars.

Predecessors

Individuals or entities that preceded others in a particular position, office, or situation, often setting precedents or foundations for those who follow.

Seven Years' War

A global conflict fought between 1756 and 1763 that involved most of the great powers of the time and affected Europe, North America, Central America, West Africa, India, and the Philippines.