Business Tax Discussion

Reflect: Based on the topic that you have chosen, you will need to use critical thinking skills to thoroughly understand how this topic can be a global societal problem and determine some logical solutions to the problem.
November 20, 2019
Write a business report on Apple Inc. with the required information provided below. Use the same heading names (in bold) before presenting the information as requested.
November 20, 2019
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Identify where the following items show up on the first two pages of the 2017 Form 1040. Why is this significant?

  • Gross income (realized income from whatever source derived minus excluded or deferred income)
  • For AGI deductions
  • Schedule C Business Income and Expense
  • Schedule E Rental Income and Expense
  • Schedule D Gains and Losses
  • Alimony Income and Alimony Expense
  • Standard or Itemized Deductions
  • Exemptions
  • Tax

In addition, list one item of gross income that is excluded from income. Explain why it should be excluded.

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