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Now let's assume that Francine Delgado organizes HairCare Products Company as a proprietorship, is married, and files a joint tax return with her husband, Franco.
A. Calculate the tax liability (using tax tables presented in the chapter) and net income in each of the three years for HairCare Products Company, assuming no other personal income or deductions.
B. For this proprietorship scenario, calculate and make ratio comparisons with the calculations in Part C of Problem 10.
C. Would you recommend that the venture be organized as a proprietorship or as a regular corporation? Why?
D. What other forms of business organization might Francine consider when forming HairCare Products Company? What are their pros and cons?
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