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Q. What do you mean by Married Taxpayers?
Married Taxpayers - Taxpayers who are married may file a JOINT RETURN, thus combining their INCOME and expenses. Individuals would be considered married if:
1. They are living as husband and wife
2. They are recognized living as common law marriage
3. Legally married though separated and living apart but not legally divorced.
Marriage is determined as of the last day of the tax year.
I am working on the comprehensive probelm and I can not figure out the trial balance. Where am I going wrong?
Mr. Wong currently running a small manufacturing business. The Trial Balance of the business at 31 March 2011 is as follows:
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