Estimate net taxable income from sanchos consulting business, Finance Basics

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Estimate net taxable income from sanchos consulting business

Problem

Estimate the net taxable income from Sancho's consulting business. Be sure to account for FICA taxes, federal tax withholdings, and state tax withholdings. Also determine how much of the net income from the business flows to Sancho's brokerage account versus the household budget.

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Finance Basics: Estimate net taxable income from sanchos consulting business

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Finance Basics: Estimate net taxable income from sanchos consulting business

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