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bb5s 7-7 Arthur is a truck driver who owns his own business. He has...

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Accounting

bb5s 7-7
Arthur is a truck driver who owns his own business. He has been on the road for
several months, and the constant wear and tear on his truck results in the need
for several major mechanical repairs. This generates a loss for his business.
Which of the following reflects how this will affect Arthur's tax obligation?
Arthur gets an automatic extension on paying his tax obligation.
Arthur's tax obligation will be reduced.
Arthur's tax obligation will be increased.
Arthur will not be required to pay his tax obligation.
Arthur's tax obligation will not change at all.
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