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What is her taxable income in 2004

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Reference no: EM13517049

Carolyn has a 50 percent interest in a partnership that has a $14,000 loss for the year. She actively participates in the partnership, but she also has salary from other employment of $46,000. If she is single with no dependents, what is her taxable income in 2004 and what is her tax liability?

Reference no: EM13517049

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