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Earned income deductions and personal service allowances
The text explains earned income deductions under 1924 rules, defining earned net income as earned income minus deductions and personal exemptions. It notes reasonable allowances for personal services, business expenses, and the effect on earned income credit. It also briefly mentions three girls' automobile journey from Ormond Beach to Los Angeles.
MENTIONED IN THIS ARTICLE
Aude
Ormond
Flay
Los Angels
Les
Call