20) Albie operates an illegal drug-running business and has the following items of income and...
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20) Albie operates an illegal drug-running business and has the following items of income and expense. What is Albie's adjusted gross income from this operation? Income $800,000 Expenses: Rent 24,000 Utilities 9,000 Bribes to police 55,000 Medical expense 5,000 Legal fees 25,000 Depreciation 30,000 Illegal kickbacks 30,000 Cost of goods sold 300,000
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