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You just hired a former individual tax preparer to be in your tax accounting department. While she has a degree in taxation, all her experience has focused on individual returns.
To make sure she completely understands the differences between individual and business tax accounting, you ask her to review some of the materials from her college courses in taxation.
You have asked her to prepare a report of 450-600 words on the following topics:
Specifically, how the treatment of the following items differs between individual and business income tax accounting:
Using the following information for b and c, create a brief numerical result demonstrating the impact of different tax treatment for individuals versus businesses.
please add your references
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