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please explain Ming Trang opened her first business last year after graduating from college. During the first year of operations the business experienced a loss
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Ming Trang opened her first business last year after graduating from college. During the first year of operations the business experienced a loss of $14,000. During the year Ming Trang earned an additional $2,000 in employment income, $6,000 in net-rental income, and capital gains of $2,000. Given all of the above, what is Ming Trang's total income for the year? a) $5,000 b) $9,000 c) $23,000 d) $8,000 Step by Step Solution
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