Question
During 2013, Regina, a sole proprietor, had the following income and expenses from her home jewelry business. Regina is also employed as an office assistant
During 2013, Regina, a sole proprietor, had the following income and expenses from her home jewelry business. Regina is also employed as an office assistant at a local
business:
W-2 wages from employer $28,000
Proceeds from jewelry sales 15,000
Supplies for jewelry 5,000
Travel for jewelry 1,400
Charitable contributions to church 3,000
A. What income or loss should be reported on Schedule C?
B. What is Regina's AGI?
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Accounting Chapters 14-26
Authors: Carl Warren
27th Edition
1337272116, 978-1337272117
