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Happy Harry is a drug dealer. This year Harry grossed $650,000 from drug sales. He paid $125,000 to his street pushers for their services. He
Happy Harry is a drug dealer. This year Harry grossed $650,000 from drug sales. He paid $125,000 to his street pushers for their services. He also paid $200,000 to his distributor for the drugs, $30,000 in rent, and $40,000 in supplies. How much Business net income must Harry report on his tax return?
a) $650,000
b)$450,000
c)325,000
d) 295,000
e) 255,000
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