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Juan is sel employed, during the tax year he had the following incme and expenses,...

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Accounting

Juan is sel employed, during the tax year he had the following incme and expenses, gross receipts80,000, advertising 1000, office expense 300, rent 10,000, liability insurance 3000, bookkeeping fees 500, utilities 2000, business meals purchased at resturants 1000, what is Juans net profit{or loss} for the tax year?

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