Annual Taxes - Humor In The Drudgery: Difference between revisions
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Revision as of 06:03, 22 September 2026
Many small business proprietors start with a sole proprietorship to avoid the costs of forming a corporation or LLC. This can be a wise decision as statistics show that many small businesses generate losses for the first several years. My personal finances would be $117,589 adjusted gross income, itemized deductions of $19,349 and exemptions of $14,600, making my total taxable income $83,640. My total tax is $13,269, I have credits of $3099 making my total tax for 2010 $10,170.
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