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All in all, salary is any money coming for the is a direct result of a business transaction within your business. That sounds complex, but this differentiate between things that aren't income - like a gift from your dad, or maybe a loan contrary to the bank. Those aren't income, and be careful to pay taxes on the following! EXAMPLE: Harry started Nebula Graphic Designs in 2007, and his expenses exceeded his gross receipts by $40,000 that year. Regarding side, Harry worked as the printer's representative, netting $12,000 in commission fees. Harry can claim $12
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