What was alicia''s taxable income for 2013
What was Alicia's Taxable Income for 2013? Assume Alicia is single and has FOUR dependent children, Carlos, Mohammed, Bernardo and Andrew. Assume further that Alicia's 2013 AGI is $65,000 and that Alicia had itemized deductions of $15,000.
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An asset costs $80,000 and has a salvage value of $7,000. It has a four-year life. Using double-declining-balance depreciation, Year 2 depreciation would be:
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