Byron, 54, Is a Single, Self-Employed, Carpenter

question 159

Essay

Byron, 54, is a single, self-employed, carpenter. During 2018, he earns gross revenues of $60,000 and incurs $6,000 of business expenses. His itemized deductions for the year are $12,185. Determine Byron's taxable income and his total tax liability.

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Definitions:

Justify Your Request

Providing sufficient reasons or evidence to support the legitimacy or necessity of a demand or desire.

Grant A Claim

Grant A Claim means to acknowledge or agree to a request, demand, or right, often in legal, consumer service, or policy contexts.

Subject Line

The heading at the top of an email or message that indicates the topic or purpose of the communication.

Repair The Relationship

The process of mending or restoring a broken or strained relationship through communication, understanding, and reconciliation.