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Describe the formula for computing individual taxableincome. Why do you think this formula is so much more complicated than theformula for computing corporate taxable income?

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Questions 13-1513.(TCO 3) Describe the formula for computing individual taxableincome. Why do you think this formula is so much more complicated than theformula for computing corporate taxable income?14.(TCO 1) How would you describe the three sources of tax law and theimportance of each? Which source do you think is the most important?15.(TCO 1) Explain the relationship between tax base and tax rate indetermining the revenue collected by the government. Give an example ofhow a particular tax would Ft into the various components of the equation.
 
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