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Alexandra operates a garage as a sole proprietorship. Alexandra also owns a half interest in a partnership that operates a gas station. This year Alexandra
Alexandra operates a garage as a sole proprietorship. Alexandra also owns a half interest in a partnership that operates a gas station. This year Alexandra paid or reported the following expenses related to her garage and other property. Determine Alexandra's AGI.
Revenue from auto repairs $ 143,930
Salaries paid to mechanics 72,210
Supplies and tools 18,500
Revenues from gas station partnership (Alexandras share) 125,000
Expenses from gas station partnership (Alexandras share) 95,200
Self-employment tax (half is employers share) 12,702
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