Smart Taxes Saving Tips: Difference between revisions
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Revision as of 22:47, 2 October 2026
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Now we calculate if you find any income tax due. Assuming for in the event that that couple of other income exists, we calculate taxable income using the make money from the business ($20,000) and subtract the basic model deduction (which is $5,950 for 2012) less the exemption deduction (which is $3,800 for 2012). The taxable income would then be $20,000 - $5,950 - $3,800 which equals $10,250.
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