Deductions taxes, accounting homework help

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Business Finance

Description

A couple comes into your office for a consultation regarding their personal taxes. They make $178,000 combined but want to discuss some potential deductions. They inform you they may have new capital losses, depreciation of capital assets, and may have tax credits. Describe the possible deductions and the specific information you may need to complete their taxes on these issues. Also, explain how these issues may affect their tax bracket

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Explanation & Answer

Hello, please confirm my work, all parts are well and clearly illustrated as per your instructions.

Running head: DEDUCTIONS TAXES

1

Deduction Taxes
Name of Student
Name of Professor
Course Title
Date

DEDUCTIONS TAXES

2

In situation when married couple are making $178,000 combined, this will be accompanied
by some few advantages and disadvantages such as marriage bonus and penalty. In such a
situation, their tax brackets will be getting more unsteady hence affecting t...


Anonymous
I was having a hard time with this subject, and this was a great help.

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