Multiple Choice
Charles is a single person,age 35,with no dependents.In 2017,Charles has gross income of $75,000 from his sole proprietorship.Charles also incurs $80,000 of deductible business expenses in connection with his proprietorship.He has interest and dividend income of $22,000.Charles has no itemized deductions.Charles's taxable income is
A) $6,600.
B) $10,650.
C) $12,950.
D) $17,000.
Correct Answer:
Verified
Correct Answer:
Verified
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