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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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