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Beverly, a real estate broker, had the following income and expenses in her business Commissions income $160,000 Expenses 6,000 11.000 6.000 5.000 1,500 4.000 Criminal
Beverly, a real estate broker, had the following income and expenses in her business Commissions income $160,000 Expenses 6,000 11.000 6.000 5.000 1,500 4.000 Criminal charge penalties Mortgage interest on the office building Pro Supplies Lobbying expenses Repairs and maintenance tax on the office How much net income must Beverly report trom his business? A. $102,500 B. $104,000 C. $134,000 D. $158,000 E. $160,000
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