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What fred net income for tax purposes is equal to

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Reference no: EM132717048

Problem 1: Fred Hopkins has employment income of $45,000, a business loss of $14,000, capital gains of $20,000, capital losses of $12,000, and subdivision e deductions of $3,000. Fred's Net Income For Tax Purposes is equal to:

a) $50,000.

b) $39,000.

c) $32,000.

d) $36,000.

Reference no: EM132717048

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