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During 2022, Janice reported the following income and expense items connected with her business. Income from sale of articles $95,000 Rent 16,500 Utilities 7,900 Supplies
During 2022, Janice reported the following income and expense items connected with her business.
| Income from sale of articles | $95,000 |
| Rent | 16,500 |
| Utilities | 7,900 |
| Supplies | 1,800 |
| Insurance | 5,000 |
| Travel (including restaurant meals of $600) | 2,900 |
Calculate Qualified Business Income.
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
