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Question content area top Part 1 Jane Smith operates a virtual software store. Last year...

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Accounting

Question content area top Part 1 Jane Smith operates a virtual software store. Last year she paid $38,000 for software sold, had operating expenses of $11,780, gross sales of $114,000, returns of $760, and paid $4940 in taxes. Determine her gross profit, her net income before taxes, and her net income after taxes.

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