Sarah is self-employed and made $7,500,000 in one year. She hires her friend Tom and pays him a salary of $325,000 annua

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answerhappygod
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Sarah is self-employed and made $7,500,000 in one year. She hires her friend Tom and pays him a salary of $325,000 annua

Post by answerhappygod »

Sarah is self-employed and made $7,500,000 in one year. She
hires her friend Tom and pays him a salary of $325,000 annually.
What is Sarah's taxable income and tax liability? Please include
calculations with QBID and standard deductions.
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