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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Related Book For
Income Tax Fundamentals 2011
ISBN: 9780538469197
29th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller
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