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Taxpayer A Taxpayer B Taxpayer C ...

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Question

Accounting

Taxpayer A

Taxpayer B

Taxpayer C

Employment income

$30,000

Business income (loss)

$(20,000)

Property income (loss)

$(1,000)

Pension income

40,000

Capital gain (loss)

50,000

(6,000)

Calculate net income for tax purposes for each of the three taxpayers. Some cells will be left blank. Indicated losses with a minus sign.

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KC 3-5 Net income for tax purposes Taxpayer Taxpayer A B Taxpayer Employment income $30,000 Business income (loss) $(20,000) Property income (loss) $(1,000) Pension income 40,000 Capital gain (loss) 50,000 (6,000) Calculate net income for tax purposes for each of the three taxpayers. Some cells will be left blank. Indicated losses with a minus sign. Taxpayer A Segment A Segment B Segment C Segment D Net Income for Tax purposes Taxpayer B Segment A Segment B Segment C Segment D Net Income for Tax purposes Taxpayer Segment A Segment B Segment C Segment D Net Income for Tax purposes

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