Question
Carlos is self-employed. During the year, he had the following business income and expenses. What is his gross income for the tax year? Income $16,050
Carlos is self-employed. During the year, he had the following business income and expenses. What is his gross income for the tax year?
Income $16,050
Cost of goods sold $5,000
Advertising $1,000
Legal and professional fees $280
Office expense $125
Supplies $310
Business license $100
Utilities $420
$8,815 
$11,050 
$13,815 
$16,050
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IT Security Risk Control Management An Audit Preparation Plan
Authors: Raymond Pompon
1st Edition
1484221397, 978-1484221396
