17. In the current year, Mary started a profitable housekeeping business as a sole proprietor. She has

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17. In the current year, Mary started a profitable housekeeping business as a sole proprietor.

She has ten housekeepers working for her and spends her time selling their services and coordinating her employees’ time. Mary made $50,000 in her first year of operations. In addition to filing a Schedule C to report her business earnings, Mary must also file:

a. Schedule A

b. Schedule D

c. Schedule SE

d. Schedule B

e. None of the above LO 4.5

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Income Tax Fundamentals 2011

ISBN: 9780538469197

29th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller

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