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Mrs. Yolanda Wang starts a self-employment business on March 1, 2019 and she intends to have a fiscal year that ends on June 30. During
Mrs. Yolanda Wang starts a self-employment business on March 1, 2019 and she intends to have a fiscal year that ends on June 30. During the period March 1, 2019, through June 30, 2019, her business has net income of $16,000. What estimated amount of business income will Mrs. Wang report in her personal tax return for the year ending December 31, 2019? Please show your calculation.
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